Synaptics (NASDAQ:SYNA) had its price objective cut by equities researchers at Stifel Nicolaus from $59.00 to $57.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 39.02% from the company’s current price.

Several other research firms have also weighed in on SYNA. ValuEngine lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. KeyCorp upgraded shares of Synaptics from a “sector weight” rating to an “overweight” rating in a report on Friday, January 12th. Craig Hallum restated a “buy” rating and set a $43.00 target price (down previously from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Oppenheimer restated a “sell” rating and set a $35.00 target price on shares of Synaptics in a report on Wednesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Synaptics in a report on Wednesday, December 13th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics currently has an average rating of “Hold” and a consensus price target of $47.23.

Shares of Synaptics (NASDAQ SYNA) opened at $41.00 on Thursday. Synaptics has a 12 month low of $33.73 and a 12 month high of $64.54. The stock has a market cap of $1,393.59, a price-to-earnings ratio of 83.68, a PEG ratio of 0.98 and a beta of 1.12. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The company had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $430.59 million. During the same period in the previous year, the company earned $1.49 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. sell-side analysts predict that Synaptics will post 2.8 earnings per share for the current fiscal year.

In other Synaptics news, CEO Rick Bergman sold 20,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 22,100 shares of company stock worth $1,085,000 in the last quarter. 3.70% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Synaptics by 100.4% in the 3rd quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock worth $356,000 after buying an additional 4,547 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Synaptics by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after purchasing an additional 75 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Synaptics in the 2nd quarter worth about $551,000. Trexquant Investment LP bought a new stake in shares of Synaptics in the 3rd quarter worth about $804,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Synaptics by 13.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 220,146 shares of the software maker’s stock worth $8,626,000 after purchasing an additional 25,594 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

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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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