BidaskClub lowered shares of Synaptics (NASDAQ:SYNA) from a hold rating to a sell rating in a report released on Monday.

A number of other research firms have also weighed in on SYNA. ValuEngine lowered shares of Synaptics from a hold rating to a sell rating in a research note on Tuesday, November 6th. TheStreet lowered shares of Synaptics from a c- rating to a d+ rating in a research note on Friday, October 19th. Craig Hallum lowered their price objective on shares of Synaptics from $56.00 to $50.00 and set a buy rating for the company in a research note on Friday, November 9th. Zacks Investment Research raised shares of Synaptics from a hold rating to a buy rating and set a $44.00 price objective for the company in a research note on Wednesday, October 10th. Finally, Susquehanna Bancshares initiated coverage on shares of Synaptics in a research note on Friday, December 7th. They issued a neutral rating and a $38.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Synaptics presently has an average rating of Hold and an average price target of $51.91.

NASDAQ:SYNA traded up $0.58 during mid-day trading on Monday, reaching $39.86. The company’s stock had a trading volume of 14,893 shares, compared to its average volume of 452,353. Synaptics has a 1 year low of $33.54 and a 1 year high of $55.25. The firm has a market cap of $1.35 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. 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 released its quarterly earnings data on Thursday, November 8th. The software maker reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.10. Synaptics had a negative net margin of 5.75% and a positive return on equity of 12.96%. The company had revenue of $417.60 million during the quarter, compared to analyst estimates of $410.60 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Synaptics will post 2.92 EPS for the current fiscal year.

In other Synaptics news, insider Kevin D. Barber sold 12,865 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were 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 directly owns 14,001 shares in the company, valued at $485,694.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Putnam Investments LLC acquired a new position in shares of Synaptics during the second quarter valued at about $20,284,000. Franklin Resources Inc. increased its holdings in shares of Synaptics by 28.7% during the third quarter. Franklin Resources Inc. now owns 1,756,401 shares of the software maker’s stock valued at $80,127,000 after acquiring an additional 392,065 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after acquiring an additional 295,956 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after acquiring an additional 295,956 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Synaptics by 35.6% during the second quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock valued at $50,763,000 after acquiring an additional 264,700 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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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