ValuEngine upgraded shares of Synaptics (NASDAQ:SYNA) from a sell rating to a hold rating in a report released on Wednesday, October 17th.
Several other brokerages have also commented on SYNA. Craig Hallum lowered Synaptics from a buy rating to a hold rating and set a $51.00 price target on the stock. in a research note on Thursday, June 21st. BidaskClub raised Synaptics from a strong sell rating to a sell rating in a research note on Saturday, June 23rd. Zacks Investment Research downgraded Synaptics from a hold rating to a sell rating in a research report on Saturday, July 7th. Stifel Nicolaus lifted their price objective on Synaptics from $54.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Synaptics from $52.00 to $55.00 and gave the company a buy rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $53.50.
Shares of NASDAQ:SYNA traded up $1.98 during trading on Wednesday, hitting $36.91. 2,468,430 shares of the stock were exchanged, compared to its average volume of 516,839. Synaptics has a 1-year low of $34.66 and a 1-year high of $55.25. The firm has a market capitalization of $1.26 billion, a PE ratio of 18.64, a PEG ratio of 1.24 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.14 and a debt-to-equity ratio of 0.62.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The company had revenue of $417.60 million for the quarter, compared to analyst estimates of $410.60 million. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. Synaptics’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, sell-side analysts predict that Synaptics will post 2.9 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SYNA. Fisher Asset Management LLC bought a new stake in Synaptics in the second quarter valued at about $47,293,000. Victory Capital Management Inc. bought a new stake in Synaptics in the second quarter valued at about $29,211,000. Putnam Investments LLC bought a new stake in Synaptics in the second quarter valued at about $20,284,000. FMR LLC increased its holdings in Synaptics by 35.6% in the second quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock valued at $50,763,000 after purchasing an additional 264,700 shares during the last quarter. Finally, Arrowgrass Capital Partners US LP bought a new stake in Synaptics in the second quarter valued at about $8,445,000. Institutional investors own 98.32% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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