J P Morgan Chase & Co Analysts Give Synaptics Incorporated (SYNA) a $53.00 Price Target

J P Morgan Chase & Co set a $53.00 price objective on Synaptics Incorporated (NASDAQ:SYNA) in a research report report published on Thursday. The brokerage currently has a buy rating on the software maker’s stock.

Several other research analysts have also recently weighed in on SYNA. BMO Capital Markets lowered their price target on shares of Synaptics from $56.00 to $46.00 and set a market perform rating on the stock in a report on Friday, August 4th. Zacks Investment Research cut shares of Synaptics from a buy rating to a hold rating in a report on Tuesday, October 24th. BidaskClub lowered shares of Synaptics from a hold rating to a sell rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. decreased their target price on shares of Synaptics from $45.00 to $35.00 and set an underperform rating on the stock in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC restated a buy rating and set a $55.00 target price (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $51.26.

Synaptics (NASDAQ:SYNA) traded up 1.68% during midday trading on Thursday, reaching $36.83. The company had a trading volume of 628,394 shares. The firm has a market capitalization of $1.24 billion, a P/E ratio of 26.88 and a beta of 1.20. The stock’s 50 day moving average price is $38.17 and its 200-day moving average price is $48.03. Synaptics has a one year low of $34.25 and a one year high of $64.54.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts anticipate that Synaptics will post $4.48 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hunter Associates Investment Management LLC boosted its position in shares of Synaptics by 0.6% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock worth $600,000 after acquiring an additional 70 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Synaptics by 1.0% during the 2nd quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock worth $390,000 after acquiring an additional 75 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Synaptics by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after acquiring an additional 75 shares in the last quarter. Aperio Group LLC boosted its position in shares of Synaptics by 1.2% during the 2nd quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock worth $364,000 after acquiring an additional 84 shares in the last quarter. Finally, CS Mckee LP boosted its position in shares of Synaptics by 0.4% during the 2nd quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock worth $1,479,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.96% 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.

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