Synaptics (NASDAQ:SYNA) had its price target cut by analysts at Craig Hallum from $56.00 to $50.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the software maker’s stock. Craig Hallum’s target price suggests a potential upside of 35.46% from the stock’s current price.
SYNA has been the subject of a number of other reports. TheStreet downgraded Synaptics from a “c-” rating to a “d+” rating in a research report on Friday, October 19th. BMO Capital Markets raised their price objective on Synaptics from $39.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, October 10th. ValuEngine downgraded Synaptics from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Finally, Needham & Company LLC raised their price objective on Synaptics from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Synaptics currently has an average rating of “Hold” and an average price target of $53.50.
Shares of SYNA opened at $36.91 on Friday. Synaptics has a 52-week low of $34.66 and a 52-week high of $55.25. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.61 and a quick ratio of 2.14.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. The firm had revenue of $417.60 million during the quarter, compared to the consensus estimate of $410.60 million. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. On average, sell-side analysts forecast that Synaptics will post 2.9 EPS for the current fiscal year.
Several large investors have recently modified their holdings of SYNA. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Synaptics by 53.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock valued at $197,000 after acquiring an additional 1,500 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Synaptics by 5.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 31,292 shares of the software maker’s stock valued at $1,576,000 after acquiring an additional 1,519 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock valued at $157,000 after acquiring an additional 1,566 shares during the period. HGK Asset Management Inc. boosted its holdings in Synaptics by 18.1% during the 2nd quarter. HGK Asset Management Inc. now owns 11,719 shares of the software maker’s stock valued at $590,000 after acquiring an additional 1,799 shares during the period. Finally, Boenning & Scattergood Inc. boosted its holdings in Synaptics by 5.2% during the 3rd quarter. Boenning & Scattergood Inc. now owns 37,200 shares of the software maker’s stock valued at $1,697,000 after acquiring an additional 1,850 shares during the period. 98.32% of the stock is owned by hedge funds and other institutional investors.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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