Synaptics Incorporated (NASDAQ:SYNA) was up 5.8% on Tuesday . The stock traded as high as $40.11 and last traded at $40.10. Approximately 1,354,601 shares changed hands during trading, an increase of 52% from the average daily volume of 893,842 shares. The stock had previously closed at $37.90.

Several equities research analysts recently weighed in on SYNA shares. KeyCorp restated a “hold” rating on shares of Synaptics in a research report on Wednesday, September 6th. Zacks Investment Research lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub lowered Synaptics from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. restated a “sell” rating and set a $35.00 price target on shares of Synaptics in a research report on Wednesday, November 8th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Hold” and a consensus target price of $48.03.

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The stock has a market cap of $1,350.00, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.46. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $398.68 million. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that Synaptics Incorporated will post 2.8 earnings per share for the current year.

In other news, CFO Wajid Ali sold 2,918 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now owns 27,281 shares in the company, valued at $1,138,981.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Hunter Associates Investment Management LLC raised its stake in shares of Synaptics by 0.6% in the second quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock worth $600,000 after purchasing an additional 70 shares during the last quarter. Probity Advisors Inc. raised its stake in shares of Synaptics by 1.0% in the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock worth $390,000 after purchasing an additional 75 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Synaptics by 1.7% in the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after purchasing an additional 75 shares during the last quarter. Aperio Group LLC increased its position in Synaptics by 1.2% during the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock valued at $364,000 after acquiring an additional 84 shares during the last quarter. Finally, CS Mckee LP increased its position in Synaptics by 0.4% during the second quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock valued at $1,479,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

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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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