Synaptics (NASDAQ:SYNA) was upgraded by UBS from an “underperform” rating to a “market perform” rating in a research note issued on Friday, The Fly reports.

Other equities analysts have also issued reports about the stock. KeyCorp reiterated an “overweight” rating on shares of Synaptics in a research note on Thursday, September 14th. CIBC reiterated an “underperform” rating and issued a $35.00 price target (down from $45.00) on shares of Synaptics in a research note on Tuesday, August 22nd. Oppenheimer restated a “sell” rating and set a $35.00 target price on shares of Synaptics in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Synaptics from a “sell” rating to a “hold” rating and set a $44.00 target price on the stock in a research report on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.03.

Shares of Synaptics (SYNA) traded up $2.68 during trading on Friday, reaching $38.91. 1,441,159 shares of the company’s stock traded hands, compared to its average volume of 894,464. The stock has a market capitalization of $1,310.00, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.84 and a beta of 1.19. Synaptics has a one year low of $33.73 and a one year high of $64.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $398.68 million. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. sell-side analysts predict that Synaptics will post 2.8 earnings per share for the current year.

In other Synaptics news, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the sale, the chief financial officer now owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in SYNA. Aperio Group LLC lifted its holdings in Synaptics by 1.2% in the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock valued at $364,000 after acquiring an additional 84 shares during the period. Russell Investments Group Ltd. lifted its holdings in Synaptics by 20.3% in the second quarter. Russell Investments Group Ltd. now owns 232,991 shares of the software maker’s stock valued at $12,048,000 after acquiring an additional 39,364 shares during the period. ING Groep NV acquired a new stake in Synaptics in the second quarter valued at $216,000. Great West Life Assurance Co. Can lifted its holdings in Synaptics by 4.5% in the second quarter. Great West Life Assurance Co. Can now owns 22,261 shares of the software maker’s stock valued at $1,151,000 after acquiring an additional 966 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in Synaptics in the second quarter valued at $956,000. 97.74% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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