Oppenheimer upgraded shares of Synaptics (NASDAQ:SYNA) from an underperform rating to a market perform rating in a research report report published on Friday.

Other equities research analysts also recently issued reports about the company. J P Morgan Chase & Co set a $53.00 price target on Synaptics and gave the stock a buy rating in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed a buy rating on shares of Synaptics in a research report on Thursday, September 14th. Cowen set a $60.00 price target on Synaptics and gave the stock a buy rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Synaptics from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Thursday, August 31st. Finally, Craig Hallum reaffirmed a buy rating and set a $43.00 price target (down from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Synaptics has a consensus rating of Hold and a consensus price target of $48.03.

Shares of Synaptics (NASDAQ SYNA) opened at $38.14 on Friday. The firm has a market capitalization of $1,300.00, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.35. Synaptics has a 12-month low of $33.73 and a 12-month high of $64.54.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. equities analysts anticipate that Synaptics will post 2.8 earnings per share for the current fiscal year.

In related news, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total transaction of $121,826.50. Following the completion of the transaction, the chief financial officer now directly owns 27,281 shares in the company, valued at $1,138,981.75. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of SYNA. Ameriprise Financial Inc. lifted its stake in Synaptics by 16.0% in the 2nd 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. Koch Industries Inc. purchased a new position in Synaptics in the 2nd quarter valued at about $551,000. Prudential Financial Inc. lifted its stake in Synaptics by 298.7% in the 3rd quarter. Prudential Financial Inc. now owns 718,646 shares of the software maker’s stock valued at $28,157,000 after buying an additional 538,396 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in Synaptics by 35.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 1,232,000 shares of the software maker’s stock valued at $48,270,000 after buying an additional 321,537 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Synaptics by 11.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,214,796 shares of the software maker’s stock valued at $47,596,000 after buying an additional 125,826 shares in the last quarter. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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