Synaptics Incorporated (NASDAQ:SYNA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNAGet Free Report) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $117.67.

Several research firms recently commented on SYNA. Wells Fargo & Company dropped their price target on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. KeyCorp dropped their price target on shares of Synaptics from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. TD Cowen dropped their price target on shares of Synaptics from $135.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Needham & Company LLC dropped their price target on shares of Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, May 10th.

Read Our Latest Stock Report on SYNA

Synaptics Stock Up 2.3 %

NASDAQ:SYNA opened at $89.64 on Monday. The firm has a market capitalization of $3.54 billion, a P/E ratio of -33.08 and a beta of 1.48. Synaptics has a 1-year low of $73.38 and a 1-year high of $121.37. The company’s fifty day moving average price is $90.30 and its 200-day moving average price is $100.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.32 and a quick ratio of 4.78.

Synaptics (NASDAQ:SYNAGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The software maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $237.30 million for the quarter, compared to analyst estimates of $235.17 million. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, equities research analysts anticipate that Synaptics will post -0.36 EPS for the current year.

Institutional Trading of Synaptics

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Synaptics by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker’s stock valued at $419,691,000 after purchasing an additional 72,044 shares during the period. Ameriprise Financial Inc. grew its position in shares of Synaptics by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker’s stock valued at $369,500,000 after purchasing an additional 116,276 shares during the period. Wellington Management Group LLP grew its position in shares of Synaptics by 3.4% in the fourth quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock valued at $156,718,000 after purchasing an additional 44,548 shares during the period. FMR LLC lifted its stake in shares of Synaptics by 39.3% in the third quarter. FMR LLC now owns 1,124,544 shares of the software maker’s stock worth $100,579,000 after buying an additional 317,307 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Synaptics by 49.1% in the third quarter. The Manufacturers Life Insurance Company now owns 437,966 shares of the software maker’s stock worth $39,172,000 after buying an additional 144,252 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Company Profile

(Get Free Report

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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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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