Synaptics Incorporated (NASDAQ:SYNA)‘s stock had its “overweight” rating reaffirmed by equities researchers at KeyCorp in a research note issued on Thursday.

A number of other equities research analysts have also recently issued reports on SYNA. BidaskClub cut Synaptics from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $45.00 price objective (down previously from $48.00) on shares of Synaptics in a research note on Monday, July 17th. Vetr cut Synaptics from a “hold” rating to a “sell” rating and set a $57.50 price target on the stock. in a research note on Wednesday, June 7th. BMO Capital Markets restated a “hold” rating and issued a $56.00 price target on shares of Synaptics in a research note on Thursday, July 20th. Finally, CIBC restated an “underperform” rating and issued a $35.00 price target (down previously from $45.00) on shares of Synaptics in a research note on Tuesday, August 22nd. Seven equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.09.

Synaptics (NASDAQ SYNA) opened at 40.80 on Thursday. The firm has a 50 day moving average of $42.64 and a 200 day moving average of $50.67. Synaptics has a one year low of $37.39 and a one year high of $69.45. The firm has a market capitalization of $1.38 billion, a PE ratio of 29.78 and a beta of 1.14.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data 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. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. During the same period in the previous year, the firm earned $0.46 EPS. Synaptics’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts forecast that Synaptics will post $4.61 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in Synaptics by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock valued at $261,064,000 after buying an additional 697,328 shares in the last quarter. Vanguard Group Inc. boosted its stake in Synaptics by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,228,015 shares of the software maker’s stock valued at $218,630,000 after buying an additional 110,567 shares in the last quarter. BlackRock Inc. boosted its stake in Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock valued at $207,921,000 after buying an additional 4,182,029 shares in the last quarter. State Street Corp boosted its stake in Synaptics by 0.6% in the second quarter. State Street Corp now owns 1,313,469 shares of the software maker’s stock valued at $67,921,000 after buying an additional 8,390 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Synaptics by 2.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,244,747 shares of the software maker’s stock valued at $64,366,000 after buying an additional 27,878 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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