Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $123.91.
A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Monday, June 29th. Zacks Research upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Mizuho raised their price objective on Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company lowered their price objective on Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 7th.
Check Out Our Latest Stock Analysis on Synaptics
Insider Buying and Selling
Institutional Investors Weigh In On Synaptics
Several large investors have recently bought and sold shares of SYNA. Tidal Investments LLC bought a new position in Synaptics during the 2nd quarter valued at about $711,000. Engineers Gate Manager LP grew its stake in shares of Synaptics by 65.8% in the second quarter. Engineers Gate Manager LP now owns 24,078 shares of the software maker’s stock worth $2,991,000 after acquiring an additional 9,553 shares during the period. Corient Private Wealth LP purchased a new position in shares of Synaptics during the second quarter valued at approximately $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Synaptics during the second quarter valued at approximately $593,000. Finally, Syon Capital LLC bought a new position in Synaptics during the second quarter valued at approximately $231,000. 99.43% of the stock is currently owned by institutional investors.
Synaptics Stock Performance
NASDAQ:SYNA opened at $96.82 on Friday. The firm’s fifty day simple moving average is $102.26 and its 200 day simple moving average is $105.51. The stock has a market cap of $3.84 billion, a P/E ratio of -7.65 and a beta of 1.94. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. Synaptics has a twelve month low of $58.28 and a twelve month high of $149.11.
Synaptics (NASDAQ:SYNA – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The company had revenue of $308.00 million during the quarter, compared to the consensus estimate of $305.32 million. During the same period in the prior year, the firm earned $1.01 earnings per share. Synaptics’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Synaptics will post 1.98 EPS for the current year.
About Synaptics
Synaptics Incorporated (NASDAQ: SYNA) is a fabless semiconductor company that develops technologies for human-machine interaction, connectivity and edge computing. Its solutions are used in consumer electronics, automotive systems, enterprise equipment and other connected devices.
The company’s products include touchpads, touchscreens, fingerprint sensors, display and video interface technologies, and related human-interface solutions. Synaptics also develops wireless connectivity products, including technologies supporting Wi-Fi, Bluetooth and other connected-device applications, as well as semiconductor platforms designed to enable edge artificial intelligence and the Internet of Things.
Founded in 1986 and headquartered in Santa Clara, California, Synaptics serves customers and original equipment manufacturers globally.
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