Synaptics (NASDAQ:SYNA) Hits New 12-Month High at $64.00

Synaptics, Incorporated (NASDAQ:SYNA) shares reached a new 52-week high on Friday . The company traded as high as $64.00 and last traded at $63.50, with a volume of 127647 shares. The stock had previously closed at $59.34.

SYNA has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “hold” rating and issued a $45.00 target price on shares of Synaptics in a research report on Monday. JPMorgan Chase & Co. upped their target price on Synaptics from $25.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. BMO Capital Markets upped their target price on Synaptics to $50.00 in a research report on Friday, November 8th. TheStreet upgraded Synaptics from a “d+” rating to a “c-” rating in a research report on Monday, November 4th. Finally, Mizuho upped their target price on Synaptics from $35.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Synaptics has an average rating of “Buy” and an average target price of $48.13.

The business has a 50-day moving average price of $53.71 and a 200 day moving average price of $38.40. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 25.57 and a beta of 1.15. The company has a current ratio of 2.98, a quick ratio of 2.42 and a debt-to-equity ratio of 0.72.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, November 7th. The software maker reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.49. Synaptics had a positive return on equity of 13.40% and a negative net margin of 1.63%. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $314.44 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s quarterly revenue was down 18.6% compared to the same quarter last year. On average, analysts anticipate that Synaptics, Incorporated will post 2.81 earnings per share for the current year.

In other news, insider Shawn Tsai-Shyang Liu sold 800 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $40.01, for a total transaction of $32,008.00. Following the completion of the sale, the insider now owns 26,355 shares in the company, valued at approximately $1,054,463.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kermit Nolan sold 2,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $62.00, for a total value of $124,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,593 shares of company stock valued at $2,224,126 in the last quarter. Insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new stake in shares of Synaptics during the 2nd quarter valued at $56,000. US Bancorp DE raised its stake in Synaptics by 80.1% during the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock valued at $62,000 after purchasing an additional 959 shares during the period. Bank of Montreal Can raised its stake in Synaptics by 188.6% during the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock valued at $102,000 after purchasing an additional 2,284 shares during the period. Quantamental Technologies LLC acquired a new stake in Synaptics during the 2nd quarter valued at $113,000. Finally, Dupont Capital Management Corp raised its stake in Synaptics by 10.2% during the 3rd quarter. Dupont Capital Management Corp now owns 4,466 shares of the software maker’s stock valued at $178,000 after purchasing an additional 415 shares during the period. Institutional investors own 96.03% of the company’s stock.

Synaptics Company Profile (NASDAQ:SYNA)

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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