Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $53.17.

SYNA has been the subject of several recent research reports. BidaskClub downgraded Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $35.00 price target on shares of Synaptics in a report on Thursday, September 14th. BMO Capital Markets decreased their price target on Synaptics from $56.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Synaptics in a report on Friday, July 28th. Finally, Cowen and Company set a $75.00 price target on Synaptics and gave the stock a “buy” rating in a report on Wednesday, August 2nd.

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Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Synaptics by 64.9% during the 2nd 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 during the last quarter. Artemis Investment Management LLP raised its stake in shares of Synaptics by 2,784.7% during the 2nd quarter. Artemis Investment Management LLP now owns 61,791 shares of the software maker’s stock worth $3,195,000 after buying an additional 59,649 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Synaptics during the 1st quarter worth $1,105,000. First Trust Advisors LP raised its stake in shares of Synaptics by 55.6% during the 1st 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 during the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of Synaptics during the 2nd quarter worth $879,000. 97.74% of the stock is owned by institutional investors and hedge funds.

Synaptics (NASDAQ SYNA) traded down 0.29% during trading on Friday, hitting $38.39. 442,225 shares of the company traded hands. Synaptics has a 52-week low of $37.39 and a 52-week high of $69.45. The company’s 50-day moving average is $39.72 and its 200 day moving average is $49.46. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 28.02 and a beta of 1.20.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, topping 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 firm had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Synaptics will post $4.50 earnings per share for the current year.

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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