Synaptics, Incorporated (NASDAQ:SYNA) has earned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $51.75.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Saturday, January 26th. Rosenblatt Securities reiterated a “hold” rating on shares of Synaptics in a research report on Saturday, February 9th. Mizuho reiterated a “buy” rating on shares of Synaptics in a research report on Friday, February 8th. Craig Hallum reiterated a “buy” rating and issued a $48.00 price target (down from $50.00) on shares of Synaptics in a research report on Friday, February 8th. Finally, BidaskClub downgraded shares of Synaptics from a “hold” rating to a “sell” rating in a research report on Monday, January 7th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc bought a new stake in Synaptics during the 4th quarter worth approximately $38,000. TRUE Private Wealth Advisors bought a new stake in Synaptics during the 3rd quarter worth approximately $103,000. BlueMountain Capital Management LLC bought a new stake in Synaptics during the 3rd quarter worth approximately $104,000. Neuburgh Advisers LLC increased its stake in Synaptics by 11.8% during the 4th quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock worth $124,000 after purchasing an additional 352 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Synaptics during the 3rd quarter worth approximately $156,000. 97.97% of the stock is owned by institutional investors and hedge funds.
Synaptics stock opened at $40.99 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.15 and a current ratio of 2.64. Synaptics has a 1 year low of $33.54 and a 1 year high of $55.25. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94.
Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. The company had revenue of $425.50 million for the quarter, compared to the consensus estimate of $421.54 million. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. On average, analysts forecast that Synaptics will post 2.92 earnings per share for the current year.
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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