Synaptics (SYNA) Receiving Somewhat Favorable Media Coverage, Study Shows
News coverage about Synaptics (NASDAQ:SYNA) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synaptics earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 44.6333943060465 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Synaptics, Incorporated (SYNA) Expected to Post Quarterly Sales of $394.02 Million (americanbankingnews.com)
- Hot Stock of the Day – Synaptics Incorporated (NASDAQ: SYNA) (stocksmarketcap.com)
- Project Future Performance Before Investment – Synaptics Incorporated (NASDAQ: SYNA) (stockspen.com)
- Stock’s Price to Earnings Ratio (P/E) – Brief Analysis – Synaptics Incorporated (NASDAQ:SYNA) (nasdaqjournal.com)
- Enrapturing Stocks: Canada Goose Holdings Inc. (NYSE:GOOS), Synaptics Incorporated (NASDAQ:SYNA), Teck … (thestreetpoint.com)
Synaptics traded up $0.45, hitting $53.06, on Friday, according to MarketBeat Ratings. The stock had a trading volume of 2,197,290 shares, compared to its average volume of 1,359,723. Synaptics has a 52-week low of $33.73 and a 52-week high of $61.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.50 and a quick ratio of 2.09. The stock has a market capitalization of $1.82 billion, a PE ratio of 15.98, a P/E/G ratio of 2.34 and a beta of 0.91.
A number of analysts recently commented on the stock. Cowen set a $60.00 price target on shares of Synaptics and gave the company a “buy” rating in a research note on Tuesday, May 8th. BidaskClub cut shares of Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 11th. Mizuho upgraded shares of Synaptics from a “neutral” rating to a “buy” rating and increased their target price for the stock from $42.00 to $55.00 in a research note on Wednesday, April 11th. ValuEngine upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Finally, Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Synaptics has an average rating of “Hold” and an average target price of $48.42.
In other news, Director Nelson C. Chan sold 3,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $45.17, for a total value of $135,510.00. Following the transaction, the director now owns 25,231 shares of the company’s stock, valued at approximately $1,139,684.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Mcfarland sold 2,853 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $55.00, for a total transaction of $156,915.00. The disclosure for this sale can be found here. Insiders sold a total of 409,420 shares of company stock worth $20,331,928 in the last three months. Insiders own 3.70% of the company’s stock.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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