BidaskClub upgraded shares of Synaptics (NASDAQ:SYNA) from a strong sell rating to a sell rating in a research report report published on Friday.

Several other equities research analysts have also recently weighed in on SYNA. Craig Hallum upgraded Synaptics from a hold rating to a buy rating and set a $51.00 target price for the company in a report on Wednesday, August 1st. ValuEngine lowered Synaptics from a hold rating to a sell rating in a research report on Thursday, August 2nd. Needham & Company LLC upped their price target on Synaptics from $52.00 to $58.00 and gave the company a buy rating in a research report on Friday, August 10th. BMO Capital Markets upped their price target on Synaptics from $39.00 to $44.00 and gave the company a market perform rating in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on Synaptics from $52.00 to $55.00 and gave the company a buy rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $53.50.

Shares of SYNA stock opened at $35.38 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.56 and a beta of 0.94. Synaptics has a 1-year low of $33.54 and a 1-year high of $55.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.42 and a quick ratio of 1.93.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, November 8th. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.10. The company had revenue of $417.60 million during the quarter, compared to analysts’ expectations of $410.60 million. Synaptics had a positive return on equity of 12.96% and a negative net margin of 5.75%. Synaptics’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. As a group, equities research analysts expect that Synaptics will post 2.92 EPS for the current fiscal year.

In other news, insider Kevin D. Barber sold 12,865 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $34.69, for a total value of $446,286.85. Following the completion of the transaction, the insider now owns 14,001 shares of the company’s stock, valued at approximately $485,694.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Synaptics by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,991,758 shares of the software maker’s stock worth $100,324,000 after acquiring an additional 120,802 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Synaptics by 28.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,756,401 shares of the software maker’s stock worth $80,127,000 after acquiring an additional 392,065 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Synaptics by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,015,856 shares of the software maker’s stock worth $46,343,000 after acquiring an additional 22,612 shares in the last quarter. FMR LLC raised its position in shares of Synaptics by 35.6% in the 2nd quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock worth $50,763,000 after acquiring an additional 264,700 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Synaptics by 38.0% in the 3rd quarter. Victory Capital Management Inc. now owns 800,063 shares of the software maker’s stock worth $36,499,000 after acquiring an additional 220,152 shares in the last quarter. 97.90% of the stock is owned by hedge funds and other institutional investors.

About Synaptics

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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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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