Synaptics (SYNA) Receives “Buy” Rating from Craig Hallum

Synaptics (NASDAQ:SYNA)‘s stock had its “buy” rating reissued by investment analysts at Craig Hallum in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $49.00 price objective on the software maker’s stock, up from their prior price objective of $43.00. Craig Hallum’s target price points to a potential upside of 11.24% from the company’s current price.

Several other equities research analysts also recently issued reports on SYNA. Stifel Nicolaus cut their price objective on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Synaptics in a research report on Tuesday. JPMorgan Chase & Co. set a $53.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a research report on Thursday, October 26th. Cowen set a $60.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, UBS Group upgraded shares of Synaptics from an “underperform” rating to a “market perform” rating in a research report on Friday, December 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.63.

Synaptics (NASDAQ:SYNA) opened at $44.05 on Thursday. Synaptics has a 52-week low of $33.73 and a 52-week high of $64.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 1.70. The firm has a market capitalization of $1,490.00, a PE ratio of -17.14, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million during the quarter, compared to the consensus estimate of $430.59 million. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. equities research analysts anticipate that Synaptics will post 2.8 earnings per share for the current year.

In other news, CEO Rick Bergman sold 20,000 shares of Synaptics stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 22,100 shares of company stock valued at $1,085,000. 3.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of Synaptics by 1.7% in the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after buying an additional 75 shares in the last quarter. Amalgamated Bank increased its stake in Synaptics by 2.8% in the second quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock valued at $256,000 after acquiring an additional 137 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Synaptics by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,910 shares of the software maker’s stock valued at $357,000 after acquiring an additional 200 shares during the last quarter. Stifel Financial Corp increased its stake in Synaptics by 0.6% in the second quarter. Stifel Financial Corp now owns 32,890 shares of the software maker’s stock valued at $1,698,000 after acquiring an additional 209 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Synaptics by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 58,368 shares of the software maker’s stock valued at $3,018,000 after acquiring an additional 288 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.

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About Synaptics

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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