Synaptics, Downgraded by Zacks to Neutral (SYNA)
Synaptics, (NASDAQ:SYNA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They currently have a $96.30 price objective on the stock. Zacks‘s target price would suggest a potential upside of 20.62% from the company’s current price.
In other Synaptics, news, Director Keith Geeslin sold 10,500 shares of Synaptics, stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $82.13, for a total value of $862,365.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum raised their price target on shares of Synaptics, to $96.00 in a research note on Friday, August 1st. Separately, analysts at Needham & Company LLC downgraded shares of Synaptics, from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Synaptics, in a research note on Tuesday, July 29th. They now have a $100.00 price target on the stock, up previously from $98.00. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $85.66.
Synaptics, (NASDAQ:SYNA) traded up 0.89% on Wednesday, hitting $80.55. 420,164 shares of the company’s stock traded hands. Synaptics, has a 1-year low of $37.87 and a 1-year high of $93.27. The stock’s 50-day moving average is $83.8 and its 200-day moving average is $68.8. The company has a market cap of $2.969 billion and a P/E ratio of 63.37.
Synaptics, (NASDAQ:SYNA) last released its earnings data on Thursday, July 31st. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.04. The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $305.07 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 36.8% on a year-over-year basis. On average, analysts predict that Synaptics, will post $4.87 earnings per share for the current fiscal year.
Synaptics Incorporated is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment, and other electronic devices.
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