Synaptics Inc. (NASDAQ:SYNA) shares traded down 4.6% during trading on Wednesday . The company traded as low as $57.35 and last traded at $57.40, with a volume of 522,593 shares trading hands. The stock had previously closed at $60.15.

A number of research analysts have recently commented on the company. Mizuho restated a “hold” rating on shares of Synaptics in a research note on Saturday, June 18th. TheStreet cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Zacks Investment Research cut Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, July 9th. Needham & Company LLC restated a “buy” rating and issued a $65.00 target price (down previously from $88.00) on shares of Synaptics in a research note on Friday, July 29th. Finally, Cowen and Company restated a “buy” rating on shares of Synaptics in a research note on Friday, June 17th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.33.

The firm has a market capitalization of $2.01 billion and a PE ratio of 29.83. The firm has a 50-day moving average of $54.12 and a 200-day moving average of $66.93.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The business earned $323.90 million during the quarter, compared to the consensus estimate of $318.48 million. The company’s quarterly revenue was down 32.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. On average, equities analysts expect that Synaptics Inc. will post $5.18 EPS for the current fiscal year.

In other news, insider Ritu Favre sold 3,259 shares of the company’s 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 approximately $656,192.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Synaptics stock. Morgan Stanley boosted its stake in Synaptics Inc. (NASDAQ:SYNA) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 approximately 0.47% of Synaptics worth $13,764,000 at the end of the most recent 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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