Vetr lowered shares of Synaptics Incorporated (NASDAQ:SYNA) from a buy rating to a hold rating in a research report sent to investors on Tuesday, May 9th. They currently have $58.34 target price on the software maker’s stock.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Synaptics from a hold rating to a buy rating and set a $55.00 price objective on the stock in a report on Wednesday, March 29th. Needham & Company LLC raised Synaptics from a hold rating to a buy rating and set a $60.00 price objective on the stock in a report on Friday, April 7th. Rosenblatt Securities reaffirmed a buy rating and set a $70.00 price objective (down previously from $90.00) on shares of Synaptics in a report on Saturday, April 29th. Craig Hallum reduced their price objective on Synaptics from $65.00 to $62.00 and set a hold rating on the stock in a report on Friday, April 28th. Finally, Lake Street Capital increased their price target on Synaptics from $57.00 to $61.00 and gave the company a hold rating in a research note on Friday, January 27th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics currently has a consensus rating of Hold and an average price target of $59.43.
Shares of Synaptics (NASDAQ SYNA) opened at 52.25 on Tuesday. The firm’s 50-day moving average price is $56.05 and its 200 day moving average price is $54.13. The company has a market cap of $1.79 billion, a P/E ratio of 78.69 and a beta of 1.13. Synaptics has a 52 week low of $47.00 and a 52 week high of $69.45.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.04. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The business had revenue of $442.20 million for the quarter, compared to the consensus estimate of $430.19 million. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Synaptics will post $4.87 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/06/15/synaptics-incorporated-syna-downgraded-to-hold-at-vetr-inc-updated-updated-updated.html.
In other news, VP Wajid Ali sold 555 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $56.75, for a total value of $31,496.25. Following the completion of the transaction, the vice president now owns 15,900 shares in the company, valued at approximately $902,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the transaction, the director now owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,930 shares of company stock valued at $2,212,446. Corporate insiders own 3.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock valued at $207,921,000 after buying an additional 4,182,029 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Synaptics by 18.2% in the first quarter. Ameriprise Financial Inc. now owns 4,351,207 shares of the software maker’s stock valued at $215,426,000 after buying an additional 671,478 shares during the period. Norges Bank purchased a new stake in shares of Synaptics during the fourth quarter valued at about $31,600,000. FMR LLC increased its stake in shares of Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock valued at $25,441,000 after buying an additional 408,500 shares during the period. Finally, Morgan Stanley increased its stake in shares of Synaptics by 180.2% in the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock valued at $30,206,000 after buying an additional 392,375 shares during the period. Institutional investors own 93.01% of the company’s stock.
Synaptics Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
What are top analysts saying about Synaptics Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Synaptics Incorporated and related companies.