A number of other research firms also recently commented on SYNA. Rosenblatt Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of Synaptics in a report on Thursday, August 8th. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, July 26th. ValuEngine raised Synaptics from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets lifted their price target on Synaptics from $29.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target on shares of Synaptics in a research report on Sunday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.33.
SYNA opened at $39.62 on Friday. The business’s 50-day moving average is $35.25 and its two-hundred day moving average is $33.56. Synaptics has a 1 year low of $26.34 and a 1 year high of $46.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 2.25. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.85 and a beta of 0.96.
Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.47. The company had revenue of $295.10 million for the quarter, compared to analyst estimates of $307.27 million. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The firm’s quarterly revenue was down 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, sell-side analysts expect that Synaptics will post 1.63 EPS for the current year.
In other Synaptics news, Director Nelson C. Chan sold 6,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.25, for a total transaction of $199,500.00. Following the transaction, the director now owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Tsai-Shyang Liu sold 1,600 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $40.00, for a total value of $64,000.00. The disclosure for this sale can be found here. Insiders have sold 8,235 shares of company stock valued at $283,744 over the last quarter. 1.70% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BBT Capital Management LLC acquired a new position in Synaptics during the 2nd quarter worth about $392,000. Canada Pension Plan Investment Board increased its holdings in Synaptics by 326.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 335,681 shares of the software maker’s stock worth $9,782,000 after purchasing an additional 257,049 shares during the period. Prudential Financial Inc. increased its holdings in Synaptics by 20.1% during the 2nd quarter. Prudential Financial Inc. now owns 285,673 shares of the software maker’s stock worth $8,324,000 after purchasing an additional 47,774 shares during the period. Catalyst Capital Advisors LLC increased its holdings in Synaptics by 29.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 50,000 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 11,500 shares during the period. Finally, Carlson Capital L P increased its holdings in Synaptics by 41.9% during the 2nd quarter. Carlson Capital L P now owns 735,427 shares of the software maker’s stock worth $21,430,000 after purchasing an additional 217,172 shares during the period. 95.82% of the stock is currently owned by hedge funds and other institutional investors.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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