Synaptics Incorporated (NASDAQ:SYNA)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued on Thursday.

SYNA has been the topic of a number of other reports. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Vetr raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price objective on the stock in a report on Wednesday, May 17th. BMO Capital Markets cut their price objective on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Cowen and Company set a $75.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of Synaptics in a report on Friday, June 9th. Seven equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.09.

Shares of Synaptics (NASDAQ:SYNA) traded down 0.64% on Thursday, reaching $40.59. 724,925 shares of the company traded hands. Synaptics has a one year low of $37.39 and a one year high of $69.45. The firm has a 50-day moving average price of $43.08 and a 200 day moving average price of $50.78. The company has a market capitalization of $1.37 billion, a PE ratio of 29.63 and a beta of 1.14.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hunter Associates Investment Management LLC lifted its holdings in Synaptics by 0.6% during the second quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock valued at $600,000 after purchasing an additional 70 shares during the last quarter. Probity Advisors Inc. lifted its holdings in Synaptics by 1.0% during the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock valued at $390,000 after purchasing an additional 75 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after purchasing an additional 75 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Synaptics by 1.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,093 shares of the software maker’s stock valued at $302,000 after purchasing an additional 78 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in Synaptics by 1.2% during the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock valued at $364,000 after purchasing an additional 84 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.

About Synaptics

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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