Synaptics (NASDAQ:SYNA)‘s stock had its “buy” rating reiterated by stock analysts at Craig Hallum in a research note issued on Thursday. They currently have a $49.00 price objective on the software maker’s stock, up from their previous price objective of $43.00. Craig Hallum’s price objective points to a potential upside of 13.95% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Oppenheimer reaffirmed a “sell” rating and set a $35.00 target price on shares of Synaptics in a research report on Wednesday, November 8th. KeyCorp raised Synaptics from a “sector weight” rating to an “overweight” rating in a research report on Friday, January 12th. ValuEngine lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Rosenblatt Securities lowered Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.63.
Synaptics (NASDAQ SYNA) opened at $43.00 on Thursday. Synaptics has a 12 month low of $33.73 and a 12 month high of $64.54. The company has a quick ratio of 1.70, a current ratio of 2.35 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,393.59, a P/E ratio of 87.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.12.
In related news, CEO Rick Bergman sold 20,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 22,100 shares of company stock valued at $1,085,000 over the last three months. 3.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Synaptics by 51.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after buying an additional 948 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Synaptics in the 3rd quarter valued at $120,000. Verition Fund Management LLC purchased a new stake in Synaptics in the 2nd quarter valued at $203,000. Advisory Services Network LLC raised its position in Synaptics by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after buying an additional 75 shares during the last quarter. Finally, Amalgamated Bank raised its position in Synaptics by 2.8% in the 2nd quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock valued at $256,000 after buying an additional 137 shares during the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.
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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