Synaptics, Incorporated (SYNA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Synaptics, Incorporated (NASDAQ:SYNA) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.03.

Several research firms have weighed in on SYNA. ValuEngine downgraded Synaptics from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Oppenheimer reiterated an “underperform” rating and set a $35.00 price target on shares of Synaptics in a research note on Thursday, September 14th. JPMorgan Chase & Co. set a $53.00 price target on Synaptics and gave the company a “buy” rating in a research note on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Synaptics in a research note on Wednesday, December 13th. Finally, Cowen set a $60.00 price target on Synaptics and gave the company a “buy” rating in a research note on Wednesday, October 11th.

Shares of Synaptics (NASDAQ:SYNA) opened at $42.38 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.35. The firm has a market capitalization of $1,460.00, a PE ratio of 88.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. Synaptics has a one year low of $33.73 and a one year high of $64.54.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.46. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. equities research analysts forecast that Synaptics will post 2.8 earnings per share for the current year.

In related news, CFO Wajid Ali sold 2,918 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now owns 27,281 shares of the company’s stock, valued at approximately $1,138,981.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its holdings in Synaptics by 49.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 87,378 shares of the software maker’s stock worth $3,423,000 after purchasing an additional 29,010 shares during the period. Jane Street Group LLC raised its holdings in Synaptics by 100.4% in the 3rd quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock worth $356,000 after purchasing an additional 4,547 shares during the period. Cornerstone Capital Management Holdings LLC. raised its holdings in Synaptics by 305.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 48,321 shares of the software maker’s stock worth $1,893,000 after purchasing an additional 36,400 shares during the period. Engineers Gate Manager LP raised its holdings in Synaptics by 186.4% in the 3rd quarter. Engineers Gate Manager LP now owns 88,192 shares of the software maker’s stock worth $3,455,000 after purchasing an additional 57,402 shares during the period. Finally, Stifel Financial Corp raised its holdings in Synaptics by 35.8% in the 3rd quarter. Stifel Financial Corp now owns 44,666 shares of the software maker’s stock worth $1,762,000 after purchasing an additional 11,776 shares during the period. 97.74% of the stock is owned by institutional investors.

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About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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