Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $117.67.

SYNA has been the subject of a number of analyst reports. TD Cowen dropped their price target on Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Wells Fargo & Company dropped their price target on Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Susquehanna boosted their price target on Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Rosenblatt Securities boosted their price target on Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho dropped their price target on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 9th.

Synaptics Trading Up 1.5 %

Shares of Synaptics stock opened at $93.34 on Thursday. The business has a fifty day simple moving average of $91.99 and a two-hundred day simple moving average of $101.33. Synaptics has a 1 year low of $73.38 and a 1 year high of $121.37. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -34.44 and a beta of 1.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.32 and a quick ratio of 4.78.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, May 9th. The software maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The firm had revenue of $237.30 million for the quarter, compared to analysts’ expectations of $235.17 million. Synaptics had a negative return on equity of 0.90% and a negative net margin of 11.30%. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Research analysts forecast that Synaptics will post -0.44 EPS for the current year.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $105.75, for a total value of $382,392.00. Following the sale, the insider now directly owns 31,847 shares in the company, valued at $3,367,820.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Synaptics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Heron Bay Capital Management raised its position in shares of Synaptics by 1.3% during the first quarter. Heron Bay Capital Management now owns 9,197 shares of the software maker’s stock worth $897,000 after purchasing an additional 116 shares during the period. US Bancorp DE raised its position in shares of Synaptics by 3.5% during the first quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock worth $352,000 after purchasing an additional 123 shares during the period. CWM LLC raised its position in shares of Synaptics by 26.0% during the first quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $66,000 after purchasing an additional 139 shares during the period. Bridge City Capital LLC raised its position in shares of Synaptics by 0.8% during the first quarter. Bridge City Capital LLC now owns 19,092 shares of the software maker’s stock worth $1,863,000 after purchasing an additional 149 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Synaptics by 0.3% in the 1st quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock valued at $4,748,000 after buying an additional 163 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.