Synaptics Inc. (NASDAQ:SYNA)’s share price rose 2% on Monday . The stock traded as high as $53.83 and last traded at $53.08, with a volume of 269,002 shares traded. The stock had previously closed at $52.06.

SYNA has been the subject of several recent analyst reports. Pacific Crest reaffirmed a “hold” rating and set a $75.00 price objective on shares of Synaptics in a research note on Thursday, April 14th. Cross Research cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, April 15th. Mizuho cut shares of Synaptics from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $75.00 in a research note on Friday, April 29th. BMO Capital Markets cut shares of Synaptics from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $100.00 to $69.00 in a research note on Friday, April 29th. Finally, Northland Securities cut shares of Synaptics from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $78.92.

The firm has a 50 day moving average price of $54.95 and a 200 day moving average price of $69.79. The firm has a market capitalization of $1.97 billion and a PE ratio of 18.52.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, April 28th. The company reported $1.21 earnings per share (EPS) 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. During the same period in the previous year, the firm earned $1.65 earnings per share. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities research analysts predict that Synaptics Inc. will post $4.77 earnings per share for the current year.

In other news, CEO Rick Bergman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $65.99, for a total transaction of $659,900.00. Following the completion of the transaction, the chief executive officer now directly owns 82,218 shares of the company’s stock, valued at approximately $5,425,565.82. The sale was disclosed in a filing with the SEC, which is available at this link.

Several hedge funds and institutional investors have made changes to their positions in the company. State of Tennessee Treasury Department increased 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. Employees Retirement System of Texas increased its position in shares of Synaptics by 38.3% in the fourth quarter. Employees Retirement System of Texas now owns 65,000 shares of the company’s stock valued at $5,222,000 after buying an additional 18,000 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of Synaptics during the fourth quarter valued at $2,073,000. Dimensional Fund Advisors LP increased 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. Finally, Redwood Investments LLC increased its position in shares of Synaptics by 22.1% in the fourth quarter. Redwood Investments LLC now owns 18,107 shares of the company’s stock valued at $1,455,000 after buying an additional 3,277 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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