Zacks Investment Research lowered shares of Synaptics (NASDAQ:SYNA) from a buy rating to a hold rating in a report published on Thursday morning.
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. “
SYNA has been the topic of several other reports. TheStreet downgraded Synaptics from a c- rating to a d+ rating in a research report on Friday, October 19th. ValuEngine downgraded Synaptics from a hold rating to a sell rating in a research report on Tuesday, November 6th. BidaskClub raised Synaptics from a sell rating to a hold rating in a research report on Tuesday, December 18th. Susquehanna Bancshares started coverage on Synaptics in a research report on Friday, December 7th. They issued a neutral rating and a $38.00 price target on the stock. Finally, Craig Hallum dropped their price target on Synaptics from $56.00 to $50.00 and set a buy rating on the stock in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $51.91.
Shares of NASDAQ SYNA opened at $39.75 on Thursday. The company has a current ratio of 2.42, a quick ratio of 1.93 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. Synaptics has a 12 month low of $33.54 and a 12 month high of $55.25.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, November 8th. The software maker reported $1.24 EPS 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 the consensus estimate of $410.60 million. Synaptics had a positive return on equity of 12.96% and a negative net margin of 5.75%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, research analysts forecast that Synaptics will post 2.92 earnings per share for the current fiscal year.
In other news, insider Kevin D. Barber sold 12,865 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $34.69, for a total transaction of $446,286.85. Following the sale, the insider now directly owns 14,001 shares in the company, valued at $485,694.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the period. Vanguard Group Inc. increased its position in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the period. Franklin Resources Inc. increased its position in shares of Synaptics by 28.7% during the third quarter. Franklin Resources Inc. now owns 1,756,401 shares of the software maker’s stock valued at $80,127,000 after purchasing an additional 392,065 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Synaptics by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,015,856 shares of the software maker’s stock valued at $46,343,000 after purchasing an additional 22,612 shares during the period. Finally, FMR LLC increased its position in shares of Synaptics by 35.6% during 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 period. Institutional investors and hedge funds own 97.04% of the company’s stock.
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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