Synaptics Incorporated (NASDAQ:SYNA) had its target price trimmed by BMO Capital Markets from $56.00 to $46.00 in a research report report published on Friday morning, Marketbeat reports. The firm currently has a market perform rating on the software maker’s stock.

Other analysts have also recently issued research reports about the company. Vetr raised Synaptics from a hold rating to a buy rating and set a $57.50 price objective on the stock in a research note on Monday, May 29th. Zacks Investment Research raised Synaptics from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research note on Saturday, April 22nd. Needham & Company LLC raised Synaptics from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research note on Friday, April 7th. Rosenblatt Securities reaffirmed a buy rating and issued a $70.00 price objective (down from $90.00) on shares of Synaptics in a research note on Saturday, April 29th. Finally, BidaskClub raised Synaptics from a hold rating to a buy rating in a research note on Saturday, June 10th. Seven investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $57.43.

Shares of Synaptics (SYNA) traded down 0.29% on Friday, reaching $45.19. 988,652 shares of the company were exchanged. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 68.06 and a beta of 1.13. The firm’s 50 day moving average price is $54.09 and its 200 day moving average price is $54.00. Synaptics has a 52 week low of $43.87 and a 52 week high of $69.45.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $426.50 million during the quarter, compared to analysts’ expectations of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts anticipate that Synaptics will post $4.71 EPS for the current year.

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In other news, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total value of $556,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Wajid Ali sold 555 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total value of $31,496.25. Following the completion of the sale, the vice president now owns 15,900 shares of the company’s stock, valued at $902,325. The disclosure for this sale can be found here. Insiders have sold a total of 19,930 shares of company stock worth $1,111,846 over the last 90 days. 3.60% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Synaptics by 836.0% in the first quarter. American Century Companies Inc. now owns 90,213 shares of the software maker’s stock worth $4,466,000 after buying an additional 80,575 shares during the last quarter. Oxford Asset Management bought a new position in shares of Synaptics during the first quarter worth approximately $1,105,000. First Trust Advisors LP increased its position in shares of Synaptics by 55.6% in the first quarter. First Trust Advisors LP now owns 36,290 shares of the software maker’s stock worth $1,797,000 after buying an additional 12,968 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Synaptics by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 508,515 shares of the software maker’s stock worth $25,177,000 after buying an additional 2,703 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of Synaptics by 87.8% in the first quarter. Tudor Investment Corp ET AL now owns 11,458 shares of the software maker’s stock worth $567,000 after buying an additional 5,358 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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