Synaptics (NASDAQ:SYNA)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Wednesday. They presently have a $55.00 target price on the software maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 40.45% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Cowen set a $60.00 target price on shares of Synaptics and gave the company a “buy” rating in a research report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, August 31st. J P Morgan Chase & Co set a $53.00 target price on shares of Synaptics and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Craig Hallum restated a “buy” rating and set a $43.00 target price (down from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.03.

Synaptics (SYNA) traded up $1.02 on Wednesday, hitting $39.16. 1,190,600 shares of the company’s stock traded hands, compared to its average volume of 896,204. Synaptics has a twelve month low of $33.73 and a twelve month high of $64.54. The company has a market cap of $1,297.96, a P/E ratio of 11.66, a PEG ratio of 0.91 and a beta of 1.19. 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 released its quarterly earnings data on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, beating the consensus estimate of $0.57 by $0.46. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $398.68 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 8.1% on a year-over-year basis. analysts forecast that Synaptics will post 2.8 earnings per share for the current year.

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

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Synaptics by 0.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,167 shares of the software maker’s stock worth $277,000 after acquiring an additional 18 shares during the period. Advisory Services Network LLC increased its position in shares of Synaptics by 1.0% during the second quarter. Advisory Services Network LLC now owns 3,105 shares of the software maker’s stock worth $167,000 after acquiring an additional 30 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Synaptics by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,360 shares of the software maker’s stock worth $342,000 after acquiring an additional 34 shares during the period. Legal & General Group Plc increased its position in shares of Synaptics by 0.5% during the second quarter. Legal & General Group Plc now owns 9,493 shares of the software maker’s stock worth $503,000 after acquiring an additional 48 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of Synaptics by 0.6% during the second quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock worth $600,000 after acquiring an additional 70 shares during the period. 97.74% of the stock is currently 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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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