Media headlines about Synaptics, (NASDAQ:SYNA) have been trending somewhat positive this week, Alpha One Sentiment Analysis reports. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synaptics, earned a coverage optimism score of 0.14 on Alpha One’s scale. Alpha One also assigned news articles about the software maker an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected AlphaOne Sentiment’s analysis:
- It’s getting even tougher to be an Apple supplier (macdailynews.com)
- Why Apple Is Developing Its Own Chips – Presented by: The Aol. On Network (nasdaq.com)
- PTAB Rejects Follow-On Challenge To Fingerprint Sensor Patent (law360.com)
- Here’s Why Apple’s Upcoming iPhone Could Be Missing a Key Function (finance.yahoo.com)
- Synaptics, (SYNA) Earning Somewhat Positive Press Coverage, AlphaOne Reports (americanbankingnews.com)
A number of equities research analysts have commented on SYNA shares. Lake Street Capital upped their price target on Synaptics, from $57.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, January 27th. Oppenheimer Holdings Inc. reissued an “underperform” rating and issued a $45.00 price objective on shares of Synaptics, in a research note on Wednesday, January 25th. Needham & Company LLC raised Synaptics, from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, April 7th. Zacks Investment Research raised Synaptics, from a “sell” rating to a “hold” rating in a research note on Thursday, February 2nd. Finally, Northland Securities raised Synaptics, from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Thursday, March 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Synaptics, currently has an average rating of “Hold” and a consensus target price of $63.92.
Shares of Synaptics, (NASDAQ:SYNA) traded up 1.63% during trading on Thursday, reaching $51.28. The company’s stock had a trading volume of 300,134 shares. The firm’s 50-day moving average price is $50.12 and its 200-day moving average price is $55.29. Synaptics, has a one year low of $47.00 and a one year high of $88.65. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 47.22 and a beta of 1.24.
Synaptics, (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, January 26th. The software maker reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.20. The company had revenue of $461.30 million for the quarter, compared to analyst estimates of $450.89 million. Synaptics, had a net margin of 2.54% and a return on equity of 14.02%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.60 earnings per share. On average, equities analysts anticipate that Synaptics, will post $4.89 earnings per share for the current year.
In other news, insider Rick Bergman sold 10,000 shares of Synaptics, stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $56.26, for a total value of $562,600.00. Following the sale, the insider now owns 105,488 shares in the company, valued at $5,934,754.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Wajid Ali sold 477 shares of Synaptics, stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $56.96, for a total transaction of $27,169.92. Following the completion of the sale, the vice president now owns 17,627 shares in the company, valued at approximately $1,004,033.92. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
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.
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