KeyCorp reaffirmed their overweight rating on shares of Synaptics Incorporated (NASDAQ:SYNA) in a research report sent to investors on Thursday.

A number of other research firms have also recently weighed in on SYNA. Needham & Company LLC reaffirmed a buy rating and set a $65.00 price target on shares of Synaptics in a report on Friday, June 9th. BidaskClub raised Synaptics from a hold rating to a buy rating in a report on Saturday, June 10th. Cowen and Company set a $75.00 price target on Synaptics and gave the company a buy rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Synaptics from a hold rating to a sell rating in a report on Thursday, June 29th. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $70.00 price target on shares of Synaptics in a report on Monday, June 26th. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $54.09.

Synaptics (NASDAQ SYNA) traded up 0.42% during trading on Thursday, reaching $40.77. The company’s stock had a trading volume of 693,665 shares. The firm has a 50 day moving average of $43.08 and a 200 day moving average of $50.78. Synaptics has a 52 week low of $37.39 and a 52 week high of $69.45. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.76 and a beta of 1.14.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. The company had revenue of $426.50 million for 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 business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Analysts expect that Synaptics will post $4.61 EPS for the current year.

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Institutional investors have recently bought and sold shares of the business. Highlander Capital Management LLC acquired a new position in Synaptics in the second quarter worth approximately $104,000. Harbour Capital Advisors LLC acquired a new position in Synaptics in the first quarter worth approximately $104,000. Riverhead Capital Management LLC grew its position in Synaptics by 95.0% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after buying an additional 1,330 shares during the last quarter. LS Investment Advisors LLC grew its position in Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Synaptics by 51.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock worth $145,000 after buying an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

Synaptics Company Profile

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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