Synaptics Inc. (NASDAQ:SYNA)’s share price rose 1.9% on Wednesday . The company traded as high as $56.20 and last traded at $56.13, with a volume of 205,067 shares changing hands. The stock had previously closed at $55.08.

SYNA has been the topic of a number of analyst reports. Mizuho lowered their price objective on shares of Synaptics from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th. Zacks Investment Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a research report on Wednesday, June 29th. Craig Hallum lowered their price objective on shares of Synaptics from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Lake Street Capital lowered shares of Synaptics from a “buy” rating to a “hold” rating and lowered their price objective for the company from $74.00 to $57.00 in a research report on Wednesday, July 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $88.00 price objective on shares of Synaptics in a research report on Friday, June 17th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Synaptics has an average rating of “Hold” and a consensus target price of $76.00.

The stock has a market capitalization of $1.96 billion and a price-to-earnings ratio of 29.16. The stock has a 50-day moving average of $52.97 and a 200-day moving average of $67.49.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company earned $323.90 million during the quarter, compared to analyst estimates of $318.48 million. Synaptics’s quarterly revenue was down 32.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 earnings per share. On average, analysts forecast that Synaptics Inc. will post $5.18 earnings per share for the current fiscal year.

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

Other large investors recently modified their holdings of the company. Morgan Stanley raised its stake 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 in the last quarter. Redwood Investments LLC raised 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 in the last quarter. Employees Retirement System of Texas raised its stake 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 in the last quarter. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Finally, State of Tennessee Treasury Department raised its stake 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 in 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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