Shares of Synaptics, Incorporated (NASDAQ:SYNA) have been given an average rating of “Hold” by the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.75.
Several brokerages have issued reports on SYNA. Needham & Company LLC raised their price target on Synaptics to $60.00 and gave the company a “buy” rating in a report on Friday, February 8th. BidaskClub raised Synaptics from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine raised Synaptics from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $48.00 price target (down previously from $50.00) on shares of Synaptics in a report on Friday, February 8th.
Institutional investors and hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Synaptics during the fourth quarter worth $38,000. TRUE Private Wealth Advisors acquired a new stake in shares of Synaptics during the third quarter worth $103,000. BlueMountain Capital Management LLC acquired a new stake in shares of Synaptics during the third quarter worth $104,000. Neuburgh Advisers LLC lifted its holdings in shares of Synaptics by 11.8% during the fourth quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock worth $124,000 after buying an additional 352 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Synaptics during the third quarter worth $156,000. 97.97% of the stock is owned by institutional investors.
Shares of Synaptics stock opened at $40.99 on Thursday. Synaptics has a 1 year low of $33.54 and a 1 year high of $55.25. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.15.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.62. Synaptics had a return on equity of 15.38% and a net margin of 0.09%. The business had revenue of $425.50 million during the quarter, compared to the consensus estimate of $421.54 million. During the same quarter last year, the firm posted $1.11 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Synaptics will post 2.92 EPS for the current fiscal year.
Synaptics Company Profile
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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