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

A number of research analysts recently commented on SYNA shares. Needham & Company LLC reiterated a “buy” rating on shares of Synaptics in a research note on Friday, April 29th. Craig Hallum reiterated a “buy” rating and issued a $85.00 price target (down previously from $90.00) on shares of Synaptics in a research note on Friday, April 29th. Rosenblatt Securities reissued a “buy” rating and issued a $106.00 price objective on shares of Synaptics in a report on Thursday, June 9th. Cowen and Company reissued a “buy” rating on shares of Synaptics in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Synaptics in a report on Thursday, June 16th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.83.

The company has a market capitalization of $1.88 billion and a price-to-earnings ratio of 27.92. The company’s 50-day moving average is $52.90 and its 200 day moving average is $69.21.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $318.48 million. The business’s quarterly revenue was down 32.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, analysts expect that Synaptics Inc. will post $5.20 earnings per share for the current year.

In other news, CEO Rick Bergman sold 10,000 shares of Synaptics stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $67.11, for a total value of $671,100.00. Following the completion of the transaction, the chief executive officer now owns 82,491 shares in the company, valued at $5,535,971.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ritu Favre sold 3,259 shares of Synaptics stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.09, for a total transaction of $173,020.31. Following the completion of the transaction, the insider now owns 12,360 shares of the company’s stock, valued at approximately $656,192.40. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of SYNA. State of Tennessee Treasury Department increased its position in 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 increased its position in 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. increased its position in 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 increased its position in 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. increased its position in 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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