Synaptics Inc. (SYNA) Trading 3.7% Higher
Synaptics Inc. (NASDAQ:SYNA) traded up 3.7% during trading on Monday . The stock traded as high as $52.96 and last traded at $52.22, with a volume of 400,265 shares. The stock had previously closed at $50.38.
Several equities research analysts recently commented on the company. Mizuho reaffirmed a “hold” rating on shares of Synaptics in a research note on Saturday, June 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $71.00 target price on shares of Synaptics in a research note on Wednesday. Northland Securities cut Synaptics from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Craig Hallum reaffirmed a “buy” rating and set a $85.00 target price (down previously from $90.00) on shares of Synaptics in a research note on Friday, April 29th. Finally, Pacific Crest reiterated a “hold” rating and issued a $75.00 price target on shares of Synaptics in a report on Thursday, April 14th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.92.
The company has a 50 day moving average price of $56.36 and a 200 day moving average price of $70.25. The firm has a market cap of $1.91 billion and a price-to-earnings ratio of 17.90.
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 analysts’ consensus estimates of $1.51 by $0.30. During the same quarter in the previous year, the company posted $1.65 EPS. The company earned $402.50 million during the quarter, compared to the consensus estimate of $450.69 million. Synaptics’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities research analysts anticipate that Synaptics Inc. will post $4.77 EPS for the current fiscal year.
In related news, CEO Rick Bergman sold 10,000 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $65.99, for a total transaction of $659,900.00. Following the transaction, the chief executive officer now owns 82,218 shares in the company, valued at approximately $5,425,565.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Several hedge funds and institutional investors have recently bought and sold shares of SYNA. TrimTabs Asset Management LLC purchased a new position in Synaptics during the fourth quarter worth $2,073,000. Dimensional Fund Advisors LP increased its stake 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. Redwood Investments LLC increased its stake in 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. Hodges Capital Management Inc. increased its stake 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. Finally, Bragg Financial Advisors Inc increased its stake in 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.