Analysts’ Weekly Ratings Changes for Synaptics (SYNA)

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Several brokerages have updated their recommendations and price targets on shares of Synaptics (NASDAQ: SYNA) in the last few weeks:

  • 8/14/2020 – Synaptics was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/7/2020 – Synaptics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/6/2020 – Synaptics was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $100.00 price target on the stock.
  • 8/6/2020 – Synaptics had its price target raised by analysts at BMO Capital Markets from $70.00 to $90.00. They now have a “market perform” rating on the stock.
  • 8/6/2020 – Synaptics had its price target raised by analysts at Craig Hallum from $70.00 to $78.00. They now have a “hold” rating on the stock.
  • 8/6/2020 – Synaptics had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $110.00 price target on the stock.
  • 8/6/2020 – Synaptics had its price target raised by analysts at Rosenblatt Securities from $86.00 to $95.00. They now have a “buy” rating on the stock.
  • 8/6/2020 – Synaptics had its price target raised by analysts at Needham & Company LLC from $100.00 to $120.00. They now have a “buy” rating on the stock.
  • 8/6/2020 – Synaptics had its price target raised by analysts at Mizuho from $77.00 to $90.00. They now have a “buy” rating on the stock.
  • 8/5/2020 – Synaptics was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/24/2020 – Synaptics was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 7/21/2020 – Synaptics was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $100.00 price target on the stock, up previously from $68.00.
  • 7/21/2020 – Synaptics had its price target raised by analysts at Rosenblatt Securities from $73.00 to $86.00. They now have a “buy” rating on the stock.
  • 7/11/2020 – Synaptics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/8/2020 – Synaptics had its “hold” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $68.00 price target on the stock.
  • 7/7/2020 – Synaptics was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating. They now have a $73.00 price target on the stock, up previously from $66.00.
  • 7/2/2020 – Synaptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 7/2/2020 – Synaptics was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 6/26/2020 – Synaptics was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/24/2020 – Synaptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “

Shares of Synaptics stock traded down $2.33 during midday trading on Thursday, hitting $81.17. The company’s stock had a trading volume of 11,319 shares, compared to its average volume of 525,694. The firm has a market capitalization of $2.87 billion, a P/E ratio of 23.94, a PEG ratio of 2.02 and a beta of 1.15. The stock has a 50-day simple moving average of $74.92 and a 200-day simple moving average of $67.09. The company has a quick ratio of 4.00, a current ratio of 4.41 and a debt-to-equity ratio of 0.72. Synaptics, Incorporated has a 1-year low of $30.51 and a 1-year high of $92.32.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.48. Synaptics had a return on equity of 21.02% and a net margin of 8.91%. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $278.38 million. As a group, sell-side analysts predict that Synaptics, Incorporated will post 4.18 earnings per share for the current year.

In other Synaptics news, Director Richard L. Sanquini sold 5,300 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $72.00, for a total transaction of $381,600.00. Following the transaction, the director now directly owns 17,265 shares in the company, valued at $1,243,080. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Geeslin sold 1,578 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $90.15, for a total value of $142,256.70. Following the transaction, the director now owns 26,300 shares in the company, valued at $2,370,945. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,270 shares of company stock worth $3,404,885. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Synaptics by 40.7% in the first quarter. Invesco Ltd. now owns 326,741 shares of the software maker’s stock worth $18,907,000 after purchasing an additional 94,592 shares during the period. New York State Teachers Retirement System increased its stake in shares of Synaptics by 3.4% in the second quarter. New York State Teachers Retirement System now owns 60,964 shares of the software maker’s stock worth $3,665,000 after purchasing an additional 2,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Synaptics by 33.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,873 shares of the software maker’s stock worth $456,000 after purchasing an additional 1,971 shares during the period. Martingale Asset Management L P increased its stake in shares of Synaptics by 82.8% in the first quarter. Martingale Asset Management L P now owns 23,417 shares of the software maker’s stock worth $1,356,000 after purchasing an additional 10,604 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Synaptics by 74.4% in the first quarter. State of Tennessee Treasury Department now owns 87,221 shares of the software maker’s stock worth $5,047,000 after purchasing an additional 37,221 shares during the period. Institutional investors own 96.71% 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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