Synaptics Inc. (NASDAQ:SYNA)’s share price traded down 1.1% on Wednesday . The stock traded as low as $50.20 and last traded at $51.20, with a volume of 475,104 shares trading hands. The stock had previously closed at $51.75.

Several equities analysts have weighed in on the company. Cross Research cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Pacific Crest reiterated a “hold” rating and issued a $75.00 target price on shares of Synaptics in a report on Thursday, April 14th. Needham & Company LLC reiterated a “buy” rating on shares of Synaptics in a report on Friday, April 29th. Craig Hallum reiterated a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Synaptics in a report on Friday, April 29th. Finally, Mizuho cut Synaptics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $95.00 to $75.00 in a report on Friday, April 29th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Synaptics has an average rating of “Hold” and a consensus price target of $78.92.

The firm’s 50 day moving average price is $55.90 and its 200 day moving average price is $70.12. The stock has a market capitalization of $1.91 billion and a price-to-earnings ratio of 17.89.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by $0.30. The business earned $402.50 million during the quarter, compared to the consensus estimate of $450.69 million. Synaptics’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. On average, equities research analysts predict that Synaptics Inc. will post $4.77 earnings per share for the current year.

In other Synaptics news, CEO Rick Bergman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $67.11, for a total transaction of $671,100.00. Following the transaction, the chief executive officer now owns 82,491 shares of the company’s stock, valued at $5,535,971.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department raised its position in shares of Synaptics by 19.4% in the fourth quarter. State of Tennessee Treasury Department now owns 1,039,996 shares of the company’s stock valued at $83,553,000 after buying an additional 169,312 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Synaptics by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 788,630 shares of the company’s stock valued at $63,360,000 after buying an additional 30,925 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Synaptics by 0.4% in the fourth quarter. Hodges Capital Management Inc. now owns 312,733 shares of the company’s stock valued at $25,125,000 after buying an additional 1,383 shares during the last quarter. Morgan Stanley raised its position in shares of Synaptics by 1.1% in the fourth quarter. Morgan Stanley now owns 171,321 shares of the company’s stock valued at $13,764,000 after buying an additional 1,910 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Synaptics by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 116,292 shares of the company’s stock valued at $9,343,000 after buying an additional 2,285 shares during the last quarter.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.

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