Synaptics (NASDAQ:SYNA – Free Report) had its price objective increased by Rosenblatt Securities from $110.00 to $130.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.
Several other equities analysts have also weighed in on SYNA. Mizuho cut their target price on Synaptics from $115.00 to $110.00 and set a buy rating on the stock in a research note on Friday, November 10th. StockNews.com lowered Synaptics from a hold rating to a sell rating in a research report on Monday, January 29th. TD Cowen raised their price target on Synaptics from $115.00 to $135.00 and gave the stock an outperform rating in a research report on Friday. Susquehanna raised their price target on Synaptics from $100.00 to $115.00 and gave the stock a positive rating in a research report on Friday, November 10th. Finally, Craig Hallum lowered Synaptics from a buy rating to a hold rating and set a $105.00 price target on the stock. in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Synaptics has a consensus rating of Moderate Buy and a consensus target price of $125.36.
Synaptics Trading Up 1.3 %
Synaptics (NASDAQ:SYNA – Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The firm had revenue of $237.00 million for the quarter, compared to analyst estimates of $235.26 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was down 32.9% on a year-over-year basis. Research analysts forecast that Synaptics will post -0.49 EPS for the current year.
Insider Activity at Synaptics
In related news, insider John Mcfarland sold 884 shares of Synaptics stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $105.83, for a total value of $93,553.72. Following the sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $1,606,816.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SYNA. Raymond James & Associates grew its stake in Synaptics by 48.6% in the first quarter. Raymond James & Associates now owns 4,571 shares of the software maker’s stock valued at $912,000 after purchasing an additional 1,495 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Synaptics by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after purchasing an additional 128 shares in the last quarter. Bank of Montreal Can grew its stake in Synaptics by 27.5% in the first quarter. Bank of Montreal Can now owns 3,829 shares of the software maker’s stock valued at $809,000 after purchasing an additional 826 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Synaptics by 10.2% in the first quarter. Great West Life Assurance Co. Can now owns 22,202 shares of the software maker’s stock valued at $4,558,000 after purchasing an additional 2,052 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Synaptics by 114.0% during the 1st quarter. Vontobel Holding Ltd. now owns 5,372 shares of the software maker’s stock worth $1,072,000 after acquiring an additional 2,862 shares during the period. 91.51% of the stock is currently owned by institutional investors.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
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