Synaptics Inc. (NASDAQ:SYNA) shares rose 6.3% during mid-day trading on Monday . The company traded as high as $56.00 and last traded at $55.21, with a volume of 826,198 shares traded. The stock had previously closed at $51.95.

SYNA has been the topic of a number of analyst reports. Pacific Crest reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Synaptics in a research report on Thursday, April 14th. Cross Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Synaptics in a research report on Thursday, June 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Synaptics in a research report on Wednesday, July 20th. Finally, Mizuho downgraded shares of Synaptics from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $95.00 to $75.00 in a research report on Friday, April 29th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $75.83.

The company’s 50 day moving average is $53.23 and its 200 day moving average is $69.28. The firm has a market capitalization of $2.01 billion and a price-to-earnings ratio of 29.95.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $318.48 million. During the same period in the prior year, the company posted $1.57 EPS. The firm’s revenue for the quarter was down 32.4% compared to the same quarter last year. On average, equities analysts predict that Synaptics Inc. will post $5.04 earnings per share for the current year.

In other news, CEO Rick Bergman sold 10,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $67.11, for a total transaction of $671,100.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. boosted its stake 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 period. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Synaptics by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 23,492 shares of the company’s stock valued at $1,888,000 after buying an additional 7,963 shares during the period. Bragg Financial Advisors Inc boosted its stake in shares of Synaptics by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 36,053 shares of the company’s stock valued at $2,896,000 after buying an additional 105 shares during the period. Redwood Investments LLC boosted its stake 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 period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Synaptics by 2.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 21,214 shares of the company’s stock valued at $1,704,000 after buying an additional 559 shares during the period.

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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