Synaptics (NASDAQ:SYNA) had its target price increased by investment analysts at BMO Capital Markets from $39.00 to $44.00 in a report issued on Friday. The brokerage presently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ target price would indicate a potential upside of 3.07% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Cowen set a $60.00 price target on Synaptics and gave the company a “buy” rating in a research note on Tuesday, May 8th. ValuEngine cut Synaptics from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut Synaptics from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. Rosenblatt Securities restated a “hold” rating and issued a $48.00 price target on shares of Synaptics in a research note on Sunday, May 13th. Finally, Stifel Nicolaus increased their price target on Synaptics from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.31.
Shares of Synaptics opened at $42.69 on Friday, Marketbeat Ratings reports. Synaptics has a 12-month low of $33.73 and a 12-month high of $55.25. The company has a market cap of $1.67 billion, a PE ratio of 21.60, a P/E/G ratio of 1.45 and a beta of 0.85. The company has a current ratio of 2.50, a quick ratio of 2.09 and a debt-to-equity ratio of 0.64.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 9th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. Synaptics had a positive return on equity of 11.15% and a negative net margin of 7.61%. The business had revenue of $388.50 million for the quarter, compared to analysts’ expectations of $391.75 million. During the same quarter in the prior year, the business earned $1.18 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. equities analysts expect that Synaptics will post 3.33 earnings per share for the current fiscal year.
In other Synaptics news, SVP John Mcfarland sold 2,853 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $55.00, for a total value of $156,915.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Francis F. Lee sold 20,000 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $43.00, for a total value of $860,000.00. Following the completion of the transaction, the director now directly owns 67,069 shares in the company, valued at $2,883,967. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 411,420 shares of company stock worth $20,511,668. Insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SYNA. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Synaptics in the 2nd quarter valued at $166,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Synaptics by 53.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock valued at $197,000 after buying an additional 1,500 shares in the last quarter. Mutual Advisors LLC acquired a new position in Synaptics in the 1st quarter valued at $222,000. Xact Kapitalforvaltning AB acquired a new position in Synaptics in the 1st quarter valued at $226,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in Synaptics in the 2nd quarter valued at $252,000.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
See Also: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.