Synaptics (SYNA) Receives $47.79 Average Target Price from Analysts

Synaptics (NASDAQ:SYNA) has received an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $47.79.

A number of research firms recently weighed in on SYNA. Craig Hallum restated a “buy” rating and issued a $49.00 price objective (up from $43.00) on shares of Synaptics in a report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on Synaptics from $59.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, February 8th. ValuEngine downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Synaptics in a report on Wednesday, December 13th. Finally, Oppenheimer upgraded Synaptics from an “underperform” rating to a “market perform” rating in a report on Friday, December 8th.

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NASDAQ SYNA traded down $1.50 on Monday, reaching $44.23. The company had a trading volume of 458,916 shares, compared to its average volume of 779,974. The company has a market capitalization of $1,577.63, a price-to-earnings ratio of 13.32, a PEG ratio of 1.21 and a beta of 0.91. Synaptics has a fifty-two week low of $33.73 and a fifty-two week high of $64.54. The company has a quick ratio of 1.85, a current ratio of 2.36 and a debt-to-equity ratio of 0.65.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.03. The business had revenue of $430.40 million during the quarter, compared to the consensus estimate of $430.59 million. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. Synaptics’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 earnings per share. research analysts expect that Synaptics will post 2.53 earnings per share for the current fiscal year.

In other Synaptics news, CEO Rick Bergman sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $45.58, for a total transaction of $91,160.00. Following the completion of the sale, the chief executive officer now directly owns 128,523 shares in the company, valued at approximately $5,858,078.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Mcfarland sold 641 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $45.00, for a total value of $28,845.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,258 shares of company stock valued at $1,147,934. Company insiders own 3.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in shares of Synaptics in the 3rd quarter valued at about $120,000. BNP Paribas Arbitrage SA grew its stake in shares of Synaptics by 68.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 34,855 shares of the software maker’s stock valued at $1,366,000 after buying an additional 14,210 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Synaptics in the 3rd quarter valued at about $266,000. Systematic Financial Management LP grew its stake in shares of Synaptics by 24.8% in the 3rd quarter. Systematic Financial Management LP now owns 38,085 shares of the software maker’s stock valued at $1,492,000 after buying an additional 7,575 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Synaptics by 19.2% in the 3rd quarter. D.A. Davidson & CO. now owns 22,735 shares of the software maker’s stock valued at $890,000 after buying an additional 3,670 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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About Synaptics

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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