Synaptics Incorporated (NASDAQ:SYNA) Receives $133.45 Consensus PT from Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $133.4545.

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research note on Friday, July 17th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Northland Securities lowered Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Needham & Company LLC cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Mizuho increased their price objective on Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st.

Synaptics Price Performance

NASDAQ SYNA opened at $100.12 on Friday. Synaptics has a 52-week low of $58.28 and a 52-week high of $149.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -80.74 and a beta of 1.99. The company has a 50 day simple moving average of $125.05 and a 200-day simple moving average of $101.96.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the previous year, the company posted $0.90 EPS. Synaptics’s revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that Synaptics will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Lisa Bodensteiner sold 334 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $138.28, for a total transaction of $46,185.52. Following the transaction, the insider owned 61,989 shares in the company, valued at $8,571,838.92. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 360 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00. Following the transaction, the insider owned 81,226 shares in the company, valued at $9,276,009.20. This represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,649 shares of company stock valued at $1,603,484 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

A number of institutional investors and hedge funds have recently made changes to their positions in SYNA. The Manufacturers Life Insurance Company grew its holdings in Synaptics by 2,384.4% during the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after purchasing an additional 901,379 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Synaptics by 469.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after buying an additional 671,647 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Synaptics by 186.2% during the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after buying an additional 288,523 shares during the period. Primecap Management Co. CA bought a new stake in shares of Synaptics during the 4th quarter worth $15,670,000. Finally, Squarepoint Ops LLC grew its stake in Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after buying an additional 156,671 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.