Synaptics Incorporated (NASDAQ:SYNA)‘s stock had its “overweight” rating reiterated by analysts at KeyCorp in a note issued to investors on Thursday.

SYNA has been the topic of a number of other research reports. BidaskClub lowered shares of Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Vetr upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price target on the stock in a research note on Wednesday, May 17th. BMO Capital Markets cut their price target on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Synaptics in a research note on Friday, July 28th. Finally, Cowen and Company set a $75.00 price target on shares of Synaptics and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Seven analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $54.09.

Shares of Synaptics (NASDAQ:SYNA) traded down 1.27% on Thursday, hitting $40.33. 416,031 shares of the stock traded hands. The stock has a 50 day moving average of $43.84 and a 200 day moving average of $50.92. Synaptics has a one year low of $37.39 and a one year high of $69.45. The company has a market cap of $1.36 billion, a PE ratio of 29.44 and a beta of 1.14.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter in the prior year, the business posted $0.46 EPS. Synaptics’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts anticipate that Synaptics will post $4.61 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Synaptics by 64.9% during the second quarter. BNP Paribas Arbitrage SA now owns 20,645 shares of the software maker’s stock worth $1,068,000 after buying an additional 8,126 shares in the last quarter. American Century Companies Inc. boosted its holdings in Synaptics by 836.0% during the first quarter. American Century Companies Inc. now owns 90,213 shares of the software maker’s stock worth $4,466,000 after buying an additional 80,575 shares in the last quarter. Oxford Asset Management purchased a new stake in Synaptics during the first quarter worth $1,105,000. First Trust Advisors LP boosted its holdings in Synaptics by 55.6% during the first quarter. First Trust Advisors LP now owns 36,290 shares of the software maker’s stock worth $1,797,000 after buying an additional 12,968 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Synaptics by 2,784.7% during the second quarter. Artemis Investment Management LLP now owns 61,791 shares of the software maker’s stock worth $3,195,000 after buying an additional 59,649 shares in the last quarter. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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