ValuEngine cut shares of Synaptics (NASDAQ:SYNA) from a buy rating to a hold rating in a research report released on Sunday.
A number of other research firms have also recently commented on SYNA. Craig Hallum reiterated a buy rating and issued a $43.00 price target (down from $55.00) on shares of Synaptics in a research note on Wednesday, November 8th. Oppenheimer reiterated a sell rating and issued a $35.00 price target on shares of Synaptics in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their price target on Synaptics from $68.00 to $59.00 and set a buy rating for the company in a research note on Wednesday, November 8th. KeyCorp reiterated a hold rating on shares of Synaptics in a research note on Wednesday, September 6th. Finally, Needham & Company LLC reissued a buy rating and issued a $55.00 price objective on shares of Synaptics in a report on Wednesday, December 13th. Six analysts have rated the stock with a sell rating, ten have issued 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 price target of $48.03.
Shares of Synaptics (NASDAQ:SYNA) traded up $0.41 during midday trading on Friday, hitting $41.56. The company had a trading volume of 650,500 shares, compared to its average volume of 597,150. 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 cap of $1,410.00, a PE ratio of 86.58, a P/E/G ratio of 0.98 and a beta of 1.20. Synaptics has a 1 year low of $33.73 and a 1 year high of $64.54.
In related news, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the insider now directly owns 130,307 shares of the company’s stock, valued at $5,212,280. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following 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. 3.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Tiedemann Wealth Management LLC grew its holdings in Synaptics by 17.9% in the third quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock valued at $103,000 after purchasing an additional 2,485 shares during the period. Highlander Capital Management LLC acquired a new stake in Synaptics in the second quarter valued at approximately $104,000. Victory Capital Management Inc. acquired a new stake in Synaptics in the third quarter valued at approximately $120,000. Riverhead Capital Management LLC grew its holdings in Synaptics by 95.0% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock valued at $141,000 after purchasing an additional 1,330 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Synaptics by 51.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after purchasing an additional 948 shares during the period. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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