Synaptics (NASDAQ:SYNA) had its price target upped by Needham & Company LLC to $60.00 in a research report report published on Friday morning, The Fly reports. They currently have a buy rating on the software maker’s stock.
Several other brokerages have also issued reports on SYNA. Zacks Investment Research upgraded Synaptics from a hold rating to a buy rating and set a $46.00 price target for the company in a report on Thursday, February 7th. ValuEngine lowered Synaptics from a hold rating to a sell rating in a report on Tuesday, November 6th. BidaskClub lowered Synaptics from a hold rating to a sell rating in a report on Monday, January 7th. TheStreet lowered Synaptics from a c- rating to a d+ rating in a report on Friday, October 19th. Finally, Craig Hallum reduced their price target on Synaptics from $56.00 to $50.00 and set a buy rating for the company in a report on Friday, November 9th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $51.82.
Shares of Synaptics stock opened at $40.90 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of 20.66, a PEG ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.15. Synaptics has a 52-week low of $33.54 and a 52-week high of $55.25.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.62. The business had revenue of $425.50 million during the quarter, compared to analyst estimates of $421.54 million. Synaptics had a return on equity of 15.38% and a net margin of 0.09%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. Equities analysts expect that Synaptics will post 2.92 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Synaptics by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,943 shares of the software maker’s stock worth $519,000 after purchasing an additional 283 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Synaptics by 1.8% in the 4th quarter. Texas Permanent School Fund now owns 22,654 shares of the software maker’s stock worth $843,000 after purchasing an additional 404 shares during the last quarter. Legal & General Group Plc lifted its holdings in Synaptics by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock worth $1,515,000 after purchasing an additional 503 shares during the last quarter. Cardinal Capital Management lifted its holdings in Synaptics by 6.2% in the 4th quarter. Cardinal Capital Management now owns 19,255 shares of the software maker’s stock worth $716,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in Synaptics by 27.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 6,937 shares of the software maker’s stock worth $258,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 97.97% 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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