Shares of Synaptics Incorporated (NASDAQ:SYNA) fell 0.6% during trading on Monday after BidaskClub downgraded the stock from a hold rating to a sell rating. The company traded as low as $44.92 and last traded at $45.06, with a volume of 925,774 shares trading hands. The stock had previously closed at $45.32.
Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. restated an “underperform” rating and issued a $45.00 price objective (down previously from $48.00) on shares of Synaptics in a research report on Monday, July 17th. Vetr cut shares of Synaptics from a “hold” rating to a “sell” rating and set a $57.50 price objective for the company. in a research report on Wednesday, June 7th. BMO Capital Markets restated a “hold” rating and issued a $56.00 price objective on shares of Synaptics in a research report on Thursday, July 20th. Craig Hallum lowered their price objective on shares of Synaptics from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Synaptics in a research report on Saturday, April 29th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.43.
In other news, insider Rick Bergman sold 10,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $55.61, for a total transaction of $556,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the transaction, the director now owns 16,166 shares of the company’s stock, valued at $904,002.72. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 29.46 and a beta of 1.13. The stock’s 50 day moving average is $49.64 and its 200 day moving average is $52.91.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts predict that Synaptics Incorporated will post $4.60 earnings per share for the current fiscal year.
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.
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.