Synaptics (SYNA) Receives Daily Coverage Optimism Rating of 0.11

Media stories about Synaptics (NASDAQ:SYNA) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Synaptics earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.0249520370807 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

SYNA has been the subject of several analyst reports. Oppenheimer reissued an “underperform” rating and set a $35.00 price target on shares of Synaptics in a report on Thursday, September 14th. Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Friday, November 3rd. Cowen set a $60.00 price target on shares of Synaptics and gave the stock a “buy” rating in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Synaptics in a report on Sunday, November 19th. Finally, JPMorgan Chase & Co. set a $53.00 target price on shares of Synaptics and gave the company a “buy” rating in a report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.03.

Synaptics (NASDAQ:SYNA) opened at $40.05 on Wednesday. Synaptics has a 1-year low of $33.73 and a 1-year high of $64.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The stock has a market cap of $1,350.00, a PE ratio of 83.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.46. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $398.68 million. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. equities research analysts anticipate that Synaptics will post 2.8 EPS for the current year.

In other news, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the transaction, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total transaction of $121,826.50. Following the transaction, the chief financial officer now directly owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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