Synaptics Incorporated (NASDAQ:SYNA) Given Average Rating of “Hold” by Analysts

Synaptics Incorporated (NASDAQ:SYNA) has been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $123.9091.

A number of research firms have recently weighed in on SYNA. Northland Securities downgraded shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 8th. TD Cowen cut shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Craig Hallum set a $105.00 target price on shares of Synaptics in a research note on Friday, August 7th. Finally, Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th.

Insider Buying and Selling

In other news, insider Lisa Bodensteiner sold 6,056 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $103.62, for a total transaction of $627,522.72. Following the transaction, the insider directly owned 78,634 shares of the company’s stock, valued at approximately $8,148,055.08. The trade was a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 4,277 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.65, for a total transaction of $443,311.05. Following the completion of the transaction, the insider owned 103,468 shares of the company’s stock, valued at $10,724,458.20. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,867 shares of company stock valued at $1,624,996 over the last three months. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synaptics

Several institutional investors and hedge funds have recently added to or reduced their stakes in SYNA. CoreCap Advisors LLC bought a new stake in Synaptics in the second quarter worth $25,000. CIBC Private Wealth Group LLC increased its holdings in shares of Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Allworth Financial LP bought a new position in shares of Synaptics during the second quarter valued at $33,000. Leonteq Securities AG purchased a new position in shares of Synaptics in the 4th quarter worth about $43,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Synaptics in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Trading Down 1.6%

SYNA opened at $95.17 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. Synaptics has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The firm has a market capitalization of $3.72 billion, a PE ratio of -7.52 and a beta of 1.94. The company’s 50-day moving average is $111.40 and its 200 day moving average is $103.90.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.Synaptics’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, research analysts predict that Synaptics will post 1.98 earnings per share for the current fiscal year.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.