Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $118.40.

A number of equities research analysts have recently issued reports on SYNA shares. Needham & Company LLC upped their target price on shares of Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com raised shares of Synaptics from a “sell” rating to a “hold” rating in a report on Monday, February 12th. TD Cowen upped their target price on shares of Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Craig Hallum lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Friday, February 9th. Finally, Mizuho dropped their price objective on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 9th.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $89.26 on Friday. Synaptics has a one year low of $67.73 and a one year high of $121.37. The firm has a market cap of $3.51 billion, a PE ratio of -44.85 and a beta of 1.56. The firm has a fifty day moving average of $96.80 and a 200 day moving average of $101.03. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The business had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. As a group, research analysts predict that Synaptics will post -0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the transaction, the insider now owns 31,847 shares of the company’s stock, valued at $3,367,820.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Synaptics by 711.8% during the third quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Synaptics during the third quarter worth about $31,000. Fifth Third Bancorp lifted its position in shares of Synaptics by 92.4% during the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after purchasing an additional 208 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Synaptics during the third quarter worth about $40,000. Finally, Covestor Ltd lifted its position in shares of Synaptics by 180.3% during the third quarter. Covestor Ltd now owns 639 shares of the software maker’s stock worth $57,000 after purchasing an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

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.