Synaptics Incorporated (NASDAQ:SYNA) PT Lowered to $59.00 at Stifel Nicolaus

Synaptics Incorporated (NASDAQ:SYNA) had its price objective reduced by Stifel Nicolaus from $68.00 to $59.00 in a research report report published on Wednesday, November 8th. They currently have a buy rating on the software maker’s stock.

A number of other brokerages have also recently commented on SYNA. BidaskClub raised Synaptics from a sell rating to a hold rating in a research note on Sunday, July 16th. BMO Capital Markets reissued a hold rating and set a $56.00 target price on shares of Synaptics in a research note on Thursday, July 20th. Cowen and Company set a $75.00 price target on Synaptics and gave the stock an outperform rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed an underperform rating and issued a $45.00 price target (down from $48.00) on shares of Synaptics in a research note on Monday, July 17th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $55.00 price target (down from $65.00) on shares of Synaptics in a research note on Friday, August 4th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Synaptics has an average rating of Hold and an average target price of $48.03.

Shares of Synaptics (NASDAQ:SYNA) traded down $0.31 on Wednesday, hitting $37.90. The stock had a trading volume of 796,200 shares, compared to its average volume of 891,785. The company has a market cap of $1,290.00, a P/E ratio of 11.69, a PEG ratio of 0.91 and a beta of 1.17. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. Synaptics has a 12-month low of $33.73 and a 12-month high of $64.54.

Synaptics (NASDAQ:SYNA) last released its earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. Synaptics’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. equities research analysts expect that Synaptics will post 2.8 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Synaptics Incorporated (NASDAQ:SYNA) PT Lowered to $59.00 at Stifel Nicolaus” was originally published by BBNS and is owned by of BBNS. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/markets/stifel-nicolaus-cuts-synaptics-incorporated-syna-price-target-to-59-00/1767926.html.

In other news, CFO Wajid Ali sold 2,918 shares of Synaptics stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the transaction, the chief financial officer now directly owns 27,281 shares in the company, valued at approximately $1,138,981.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SYNA. UBS Asset Management Americas Inc. grew its stake in Synaptics by 54.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,084 shares of the software maker’s stock worth $1,192,000 after buying an additional 8,449 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Synaptics by 37.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 29,646 shares of the software maker’s stock worth $1,468,000 after acquiring an additional 8,115 shares during the period. Principal Financial Group Inc. lifted its position in Synaptics by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 146,610 shares of the software maker’s stock worth $7,259,000 after acquiring an additional 5,597 shares during the period. FMR LLC lifted its position in Synaptics by 387.8% during the 1st quarter. FMR LLC now owns 513,850 shares of the software maker’s stock worth $25,441,000 after acquiring an additional 408,500 shares during the period. Finally, California Public Employees Retirement System lifted its position in Synaptics by 4.5% during the 1st quarter. California Public Employees Retirement System now owns 72,100 shares of the software maker’s stock worth $3,570,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.

About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

Receive News & Ratings for Synaptics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.