Synaptics Inc. (SYNA) Trading 2% Higher
Shares of Synaptics Inc. (NASDAQ:SYNA) traded up 2% during trading on Monday . The stock traded as high as $53.83 and last traded at $53.08, with a volume of 269,002 shares traded. The stock had previously closed at $52.06.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating and issued a $71.00 target price on shares of Synaptics in a research note on Wednesday, July 20th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Synaptics in a research note on Sunday, July 10th. Cowen and Company restated a “buy” rating on shares of Synaptics in a research note on Friday, June 17th. BMO Capital Markets cut shares of Synaptics from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $100.00 to $69.00 in a research note on Friday, April 29th. Finally, Zacks Investment Research cut shares of Synaptics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 5th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.92.
The stock has a market capitalization of $2.02 billion and a price-to-earnings ratio of 18.93. The company has a 50 day moving average price of $54.20 and a 200 day moving average price of $69.60.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.51 by $0.30. The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $450.69 million. The business’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. Analysts predict that Synaptics Inc. will post $4.77 EPS for the current year.
In other news, CEO Rick Bergman sold 10,000 shares of the company’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of institutional investors recently made changes to their positions in the stock. Redwood Investments LLC raised its position in shares of Synaptics by 22.1% in the fourth quarter. Redwood Investments LLC now owns 18,107 shares of the company’s stock worth $1,455,000 after buying an additional 3,277 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position 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 worth $1,704,000 after buying an additional 559 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position 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 worth $1,888,000 after buying an additional 7,963 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in shares of Synaptics during the fourth quarter worth about $2,073,000. Finally, Bragg Financial Advisors Inc raised its position 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 worth $2,896,000 after buying an additional 105 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.