Synaptics Incorporated (NASDAQ:SYNA)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday.
Other research analysts have also recently issued reports about the company. Vetr upgraded Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price objective on the stock in a report on Monday, May 29th. BidaskClub upgraded Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 price objective on shares of Synaptics in a report on Friday, June 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Synaptics in a report on Monday, June 26th. Finally, Cowen and Company set a $75.00 price objective on Synaptics and gave the company a “buy” rating in a report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.09.
Shares of Synaptics (NASDAQ:SYNA) traded down 0.64% during midday trading on Thursday, hitting $40.59. The company had a trading volume of 724,925 shares. Synaptics has a 12 month low of $37.39 and a 12 month high of $69.45. The company has a 50-day moving average of $43.08 and a 200-day moving average of $50.78. The company has a market capitalization of $1.37 billion, a PE ratio of 29.63 and a beta of 1.14.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.49 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts predict that Synaptics will post $4.61 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Synaptics by 64.9% in the second quarter. BNP Paribas Arbitrage SA now owns 20,645 shares of the software maker’s stock valued at $1,068,000 after acquiring an additional 8,126 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Synaptics by 836.0% in the first quarter. American Century Companies Inc. now owns 90,213 shares of the software maker’s stock valued at $4,466,000 after acquiring an additional 80,575 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Synaptics in the first quarter valued at $1,105,000. First Trust Advisors LP raised its stake in shares of Synaptics by 55.6% in the first quarter. First Trust Advisors LP now owns 36,290 shares of the software maker’s stock valued at $1,797,000 after acquiring an additional 12,968 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Synaptics by 2,784.7% in the second quarter. Artemis Investment Management LLP now owns 61,791 shares of the software maker’s stock valued at $3,195,000 after acquiring an additional 59,649 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.
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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