Synaptics (SYNA) – Analysts’ Recent Ratings Changes

Synaptics (NASDAQ: SYNA) has recently received a number of price target changes and ratings updates:

  • 4/8/2019 – Synaptics had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $47.00 price target on the stock, down previously from $48.00.
  • 4/1/2019 – Synaptics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/30/2019 – Synaptics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/26/2019 – Synaptics was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 3/22/2019 – Synaptics was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/22/2019 – Synaptics was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 3/19/2019 – Synaptics was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 3/19/2019 – Synaptics had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $45.00 price target on the stock, down previously from $60.00.
  • 3/18/2019 – Synaptics had its price target lowered by analysts at JPMorgan Chase & Co. from $50.00 to $45.00. They now have a “neutral” rating on the stock.
  • 3/18/2019 – Synaptics was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $39.00 price target on the stock, down previously from $48.00.
  • 3/13/2019 – Synaptics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/1/2019 – Synaptics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/19/2019 – Synaptics was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/14/2019 – Synaptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $47.00 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. “
  • 2/9/2019 – Synaptics had its “hold” rating reaffirmed by analysts at Rosenblatt Securities.

Shares of SYNA stock traded down $0.25 during trading hours on Wednesday, reaching $37.07. The company’s stock had a trading volume of 1,057 shares, compared to its average volume of 670,012. The company has a market cap of $1.29 billion, a PE ratio of 18.72 and a beta of 0.90. Synaptics, Incorporated has a fifty-two week low of $31.65 and a fifty-two week high of $55.25. 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 (NASDAQ:SYNA) last issued its earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.62. Synaptics had a return on equity of 15.38% and a net margin of 0.09%. The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $421.54 million. During the same quarter last year, the business posted $1.11 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Synaptics, Incorporated will post 2.94 EPS for the current fiscal year.

In related news, insider Kermit Nolan sold 10,000 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the transaction, the insider now directly owns 65,611 shares in the company, valued at $2,722,200.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYNA. Premier Asset Management LLC bought a new stake in shares of Synaptics in the 4th quarter worth about $395,000. Legal & General Group Plc increased its stake in Synaptics by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 503 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Synaptics by 106.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 288,096 shares of the software maker’s stock valued at $10,720,000 after purchasing an additional 148,594 shares in the last quarter. Vanguard Group Inc increased its stake in Synaptics by 9.2% during the 3rd 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 in the last quarter. Finally, MetLife Investment Advisors LLC increased its stake in Synaptics by 16.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 45,285 shares of the software maker’s stock valued at $2,066,000 after purchasing an additional 6,540 shares in the last quarter. Institutional investors and hedge funds own 99.19% 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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