Synaptics Incorporated (SYNA) Receives Average Recommendation of “Hold” from Brokerages
Shares of Synaptics Incorporated (NASDAQ:SYNA) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $54.09.
Several analysts have issued reports on the company. KeyCorp restated a “hold” rating on shares of Synaptics in a research note on Wednesday, September 6th. Zacks Investment Research upgraded Synaptics from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, August 31st. BidaskClub lowered Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. CIBC restated an “underperform” rating and issued a $35.00 target price (down from $45.00) on shares of Synaptics in a research note on Tuesday, August 22nd. Finally, Oppenheimer Holdings, Inc. lowered their target price on Synaptics from $45.00 to $35.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 22nd.
Shares of Synaptics (NASDAQ:SYNA) traded up 3.07% on Wednesday, reaching $39.28. The company’s stock had a trading volume of 901,661 shares. Synaptics has a 52-week low of $37.39 and a 52-week high of $69.45. The firm’s 50 day moving average is $44.36 and its 200-day moving average is $51.15. The stock has a market cap of $1.32 billion, a P/E ratio of 28.67 and a beta of 1.14.
Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, equities research analysts forecast that Synaptics will post $4.61 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in SYNA. BNP Paribas Arbitrage SA grew its position in Synaptics by 64.9% during the second quarter. BNP Paribas Arbitrage SA now owns 20,645 shares of the software maker’s stock worth $1,068,000 after buying an additional 8,126 shares in the last quarter. American Century Companies Inc. grew its position in Synaptics by 836.0% during the first quarter. American Century Companies Inc. now owns 90,213 shares of the software maker’s stock worth $4,466,000 after buying an additional 80,575 shares in the last quarter. Oxford Asset Management purchased a new position in Synaptics during the first quarter worth about $1,105,000. First Trust Advisors LP grew its position in Synaptics by 55.6% during the first quarter. First Trust Advisors LP now owns 36,290 shares of the software maker’s stock worth $1,797,000 after buying an additional 12,968 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in Synaptics by 0.5% during the first quarter. OppenheimerFunds Inc. now owns 508,515 shares of the software maker’s stock worth $25,177,000 after buying an additional 2,703 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.
Synaptics Company Profile
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.
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