Shares of Synaptics Incorporated (NASDAQ:SYNA) were down 0.6% on Monday after BidaskClub downgraded the stock from a hold rating to a sell rating. The company traded as low as $44.92 and last traded at $45.06, with a volume of 925,774 shares. The stock had previously closed at $45.32.

A number of other analysts have also weighed in on the stock. Vetr raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 target price on the stock in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of Synaptics from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Craig Hallum decreased their target price on shares of Synaptics from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Needham & Company LLC upped their target price on shares of Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and set a $48.00 target price (up previously from $45.00) on shares of Synaptics in a report on Saturday, April 29th. Seven investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Synaptics currently has an average rating of “Hold” and an average target price of $57.43.

In other news, VP Wajid Ali sold 555 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total value of $31,496.25. Following the completion of the sale, the vice president now owns 15,900 shares of the company’s stock, valued at approximately $902,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the sale, the director now directly owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The disclosure for this sale can be found here. In the last three months, insiders sold 19,930 shares of company stock valued at $1,111,846. Corporate insiders own 3.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC boosted its stake in shares of Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Synaptics during the first quarter worth about $104,000. Edge Wealth Management LLC boosted its stake in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Synaptics during the second quarter worth about $147,000. 93.01% of the stock is owned by institutional investors.

The stock’s 50 day moving average price is $54.09 and its 200 day moving average price is $54.00. The firm has a market capitalization of $1.55 billion, a P/E ratio of 68.09 and a beta of 1.13.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The firm had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. During the same period last year, the firm posted $0.46 earnings per share. Synaptics’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts forecast that Synaptics Incorporated will post $4.71 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/07/synaptics-incorporated-nasdaqsyna-trading-down-0-6-on-analyst-downgrade.html.

About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Receive News & Stock Ratings for Synaptics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics Incorporated and related stocks with our FREE daily email newsletter.