Synaptics, Incorporated (NASDAQ:SYNA) shares fell 5% during mid-day trading on Monday . The company traded as low as $34.83 and last traded at $35.38. 755,099 shares traded hands during trading, an increase of 6% from the average session volume of 711,406 shares. The stock had previously closed at $37.25.

A number of brokerages have issued reports on SYNA. BidaskClub upgraded shares of Synaptics from a “strong sell” rating to a “sell” rating in a research report on Friday. Craig Hallum decreased their target price on shares of Synaptics from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. ValuEngine lowered shares of Synaptics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. TheStreet lowered shares of Synaptics from a “c-” rating to a “d+” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.50.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.93 and a current ratio of 2.42. The stock has a market capitalization of $1.29 billion, a PE ratio of 17.87, a P/E/G ratio of 2.56 and a beta of 0.94.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, November 8th. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The business had revenue of $417.60 million for the quarter, compared to analyst estimates of $410.60 million. Synaptics had a negative net margin of 5.75% and a positive return on equity of 12.96%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts expect that Synaptics, Incorporated will post 2.92 earnings per share for the current year.

In related news, insider Kevin D. Barber sold 12,865 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $34.69, for a total transaction of $446,286.85. Following the sale, the insider now owns 14,001 shares in the company, valued at approximately $485,694.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC boosted its position in shares of Synaptics by 120.0% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 38,500 shares of the software maker’s stock worth $1,939,000 after acquiring an additional 21,000 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in Synaptics by 6.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 38,745 shares of the software maker’s stock valued at $1,952,000 after purchasing an additional 2,353 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Synaptics by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 294,349 shares of the software maker’s stock valued at $14,827,000 after purchasing an additional 37,239 shares during the last quarter. Putnam Investments LLC bought a new position in Synaptics in the 2nd quarter valued at approximately $20,284,000. Finally, Millennium Management LLC lifted its stake in Synaptics by 39.4% in the 2nd quarter. Millennium Management LLC now owns 425,432 shares of the software maker’s stock valued at $21,429,000 after purchasing an additional 120,346 shares during the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

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Synaptics Company Profile (NASDAQ:SYNA)

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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