Susquehanna Bancshares reiterated their hold rating on shares of Synaptics (NASDAQ:SYNA) in a report issued on Wednesday, TipRanks reports. The firm currently has a $68.00 price target on the software maker’s stock.
Other analysts have also recently issued reports about the stock. Oppenheimer restated a hold rating on shares of Synaptics in a research note on Friday, May 8th. BidaskClub upgraded shares of Synaptics from a hold rating to a buy rating in a research note on Tuesday, April 28th. Needham & Company LLC began coverage on shares of Synaptics in a research note on Tuesday, May 19th. They issued a buy rating and a $100.00 target price on the stock. JPMorgan Chase & Co. cut shares of Synaptics from a neutral rating to an underweight rating and lowered their target price for the stock from $73.00 to $40.00 in a research note on Friday, March 20th. Finally, Mizuho reiterated a buy rating and issued a $77.00 target price on shares of Synaptics in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $67.20.
Shares of SYNA stock traded down $3.07 during trading on Wednesday, reaching $64.04. 19,490 shares of the company’s stock traded hands, compared to its average volume of 728,259. The company has a market capitalization of $2.46 billion, a P/E ratio of -128.80, a PEG ratio of 1.60 and a beta of 1.05. The company has a current ratio of 3.48, a quick ratio of 3.08 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average is $64.49 and its 200 day moving average is $64.97. Synaptics has a 1 year low of $27.44 and a 1 year high of $84.75.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.08. The company had revenue of $328.10 million for the quarter, compared to analysts’ expectations of $336.10 million. Synaptics had a negative net margin of 1.29% and a positive return on equity of 18.63%. Synaptics’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. As a group, sell-side analysts predict that Synaptics will post 4.52 earnings per share for the current fiscal year.
In other news, SVP John Mcfarland sold 6,655 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $65.85, for a total transaction of $438,231.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Buchanan sold 2,613 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $65.00, for a total transaction of $169,845.00. Following the sale, the director now owns 22,794 shares in the company, valued at approximately $1,481,610. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,142 shares of company stock worth $1,641,312. Corporate insiders own 1.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Synaptics by 102.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 34,301 shares of the software maker’s stock valued at $2,256,000 after purchasing an additional 17,349 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Synaptics by 2.2% during the 4th quarter. Texas Permanent School Fund now owns 22,890 shares of the software maker’s stock valued at $1,505,000 after purchasing an additional 490 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Synaptics during the 4th quarter valued at about $382,000. US Bancorp DE boosted its stake in shares of Synaptics by 87.0% during the 4th quarter. US Bancorp DE now owns 2,947 shares of the software maker’s stock valued at $193,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Synaptics during the 4th quarter valued at about $29,000. 96.00% of the stock is currently owned by 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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