Synaptics Inc. (NASDAQ:SYNA) shares rose 3.3% during mid-day trading on Tuesday . The company traded as high as $61.54 and last traded at $60.21, with a volume of 720,020 shares changing hands. The stock had previously closed at $58.27.

SYNA has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Synaptics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 5th. Rosenblatt Securities restated a “buy” rating and set a $106.00 target price on shares of Synaptics in a research report on Thursday, June 9th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Synaptics in a research report on Wednesday, June 15th. Mizuho decreased their target price on shares of Synaptics from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.33.

The stock’s 50 day moving average is $54.31 and its 200 day moving average is $66.86. The firm has a market capitalization of $2.01 billion and a P/E ratio of 29.83.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. During the same period in the previous year, the firm earned $1.57 EPS. The firm earned $323.90 million during the quarter, compared to analysts’ expectations of $318.48 million. The firm’s revenue was down 32.4% on a year-over-year basis. Equities analysts expect that Synaptics Inc. will post $5.18 earnings per share for the current year.

In other news, insider Ritu Favre sold 3,259 shares of Synaptics stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.09, for a total value of $173,020.31. Following the sale, the insider now owns 12,360 shares of the company’s stock, valued at $656,192.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in Synaptics stock. Morgan Stanley increased its stake in shares of Synaptics Inc. (NASDAQ:SYNA) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 171,321 shares of the company’s stock after buying an additional 1,910 shares during the period. Morgan Stanley owned 0.47% of Synaptics worth $13,764,000 at the end of the most recent reporting 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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