Synaptics Incorporated (NASDAQ:SYNA)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a research note issued on Tuesday. They currently have a $56.00 target price on the software maker’s stock. BMO Capital Markets’ price target suggests a potential upside of 3.44% from the stock’s current price.

Several other analysts have also commented on SYNA. BidaskClub upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday. Vetr lowered shares of Synaptics from a “hold” rating to a “sell” rating and set a $57.50 target price on the stock. in a research report on Wednesday, June 7th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Synaptics in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price (down previously from $90.00) on shares of Synaptics in a research report on Saturday, April 29th. Finally, Oppenheimer Holdings, Inc. reiterated an “underperform” rating and issued a $45.00 target price on shares of Synaptics in a research report on Friday, April 21st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $59.43.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

Shares of Synaptics (SYNA) traded down 7.91% on Tuesday, reaching $54.14. 2,627,958 shares of the company traded hands. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 81.54 and a beta of 1.13. The company has a 50-day moving average of $56.06 and a 200-day moving average of $54.14. Synaptics has a 1-year low of $47.00 and a 1-year high of $69.45.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The firm had revenue of $442.20 million for the quarter, compared to analyst estimates of $430.19 million. Synaptics had a net margin of 1.48% and a return on equity of 13.73%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. Analysts anticipate that Synaptics will post $4.90 earnings per share for the current fiscal year.

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In other news, VP Wajid Ali sold 555 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total value of $31,496.25. Following the sale, the vice president now directly owns 15,900 shares of the company’s stock, valued at approximately $902,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $55.61, for a total transaction of $556,100.00. The disclosure for this sale can be found here. Insiders sold a total of 39,930 shares of company stock worth $2,212,446 over the last three months. Insiders own 3.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC increased its stake in Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Synaptics during the first quarter worth $104,000. Edge Wealth Management LLC boosted its position in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Synaptics during the first quarter worth $148,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Synaptics by 47.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,295 shares of the software maker’s stock worth $165,000 after buying an additional 1,063 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Company Profile

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

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