BidaskClub downgraded shares of Synaptics (NASDAQ:SYNA) from a buy rating to a hold rating in a research report released on Friday.
SYNA has been the topic of a number of other reports. Zacks Investment Research raised Synaptics from a hold rating to a buy rating and set a $46.00 target price on the stock in a research report on Thursday, February 7th. ValuEngine lowered Synaptics from a hold rating to a sell rating in a research report on Monday, January 7th. Mizuho reaffirmed a buy rating on shares of Synaptics in a research report on Friday, February 8th. JPMorgan Chase & Co. dropped their target price on Synaptics from $50.00 to $45.00 and set a neutral rating on the stock in a research report on Monday, March 18th. Finally, Susquehanna Bancshares started coverage on Synaptics in a research report on Friday, December 7th. They set a neutral rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Synaptics presently has a consensus rating of Hold and a consensus price target of $48.64.
NASDAQ:SYNA traded down $0.93 during mid-day trading on Friday, hitting $32.72. The company had a trading volume of 713,834 shares, compared to its average volume of 804,673. 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 1 year low of $32.54 and a 1 year high of $55.25. The firm has a market capitalization of $1.16 billion, a PE ratio of 16.53 and a beta of 0.91.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, February 7th. The software maker reported $1.55 EPS for the quarter, beating the 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 company had revenue of $425.50 million for the quarter, compared to analyst estimates of $421.54 million. During the same period last year, the company posted $1.11 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Synaptics will post 2.94 EPS for the current year.
In related news, insider Kermit Nolan sold 10,000 shares of Synaptics stock in a transaction dated Friday, February 15th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc grew its stake in Synaptics by 150.6% in the fourth quarter. MUFG Securities EMEA plc now owns 10,078 shares of the software maker’s stock worth $375,000 after purchasing an additional 6,057 shares in the last quarter. Geode Capital Management LLC grew its stake in Synaptics by 30.4% in the fourth quarter. Geode Capital Management LLC now owns 538,257 shares of the software maker’s stock worth $20,028,000 after purchasing an additional 125,449 shares in the last quarter. Norges Bank acquired a new position in Synaptics in the fourth quarter worth about $17,801,000. Premier Asset Management LLC acquired a new position in Synaptics in the fourth quarter worth about $395,000. Finally, Legal & General Group Plc grew its stake in Synaptics by 15.5% in the fourth quarter. Legal & General Group Plc now owns 38,330 shares of the software maker’s stock worth $1,426,000 after purchasing an additional 5,132 shares in the last quarter. Institutional investors and hedge funds own 97.80% 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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