Synaptics (NASDAQ:SYNA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

A number of other analysts also recently commented on the company. Mizuho lowered their target price on Synaptics from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. BMO Capital Markets lowered their target price on Synaptics to $29.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. Craig Hallum restated a “buy” rating and issued a $39.00 target price (down previously from $47.00) on shares of Synaptics in a research note on Friday, May 10th. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price (down previously from $45.00) on shares of Synaptics in a research note on Friday, May 10th. Finally, BidaskClub downgraded Synaptics from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Synaptics currently has a consensus rating of “Hold” and a consensus target price of $44.40.

Synaptics stock traded down $0.42 during trading hours on Wednesday, hitting $32.43. 705,924 shares of the stock traded hands, compared to its average volume of 690,134. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.56 and a current ratio of 3.19. The company has a market cap of $1.12 billion, a PE ratio of 16.38 and a beta of 0.86. Synaptics has a 1 year low of $31.39 and a 1 year high of $55.25.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 9th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.52. Synaptics had a return on equity of 15.21% and a net margin of 1.39%. The firm had revenue of $334.00 million for the quarter, compared to the consensus estimate of $345.30 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company’s revenue was down 15.2% compared to the same quarter last year. As a group, analysts predict that Synaptics will post 2.94 EPS for the current fiscal year.

In other Synaptics news, insider Kermit Nolan sold 10,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $41.49, for a total transaction of $414,900.00. Following the transaction, the insider now owns 65,611 shares in the company, valued at $2,722,200.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Mcfarland sold 2,829 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $33.76, for a total value of $95,507.04. Following the transaction, the senior vice president now owns 21,871 shares in the company, valued at approximately $738,364.96. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. D. E. Shaw & Co. Inc. boosted its position in Synaptics by 106.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 288,096 shares of the software maker’s stock worth $10,720,000 after purchasing an additional 148,594 shares in the last quarter. Premier Asset Management LLC purchased a new position in Synaptics during the fourth quarter worth approximately $395,000. Legal & General Group Plc boosted its position in Synaptics by 1.5% during the third quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock worth $1,515,000 after purchasing an additional 503 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of Synaptics by 14.4% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 283,415 shares of the software maker’s stock valued at $11,266,000 after acquiring an additional 35,740 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Synaptics during the fourth quarter valued at approximately $316,000. Institutional investors own 98.56% of the company’s stock.

About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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