Synaptics (SYNA) Upgraded by ValuEngine to “Hold”

Synaptics (NASDAQ:SYNA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. BidaskClub upgraded Synaptics from a “strong sell” rating to a “sell” rating in a research report on Friday, November 16th. Craig Hallum upgraded Synaptics to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, August 29th. Susquehanna Bancshares began coverage on Synaptics in a research report on Friday, December 7th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, TheStreet downgraded Synaptics from a “c-” rating to a “d+” rating in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Synaptics currently has an average rating of “Hold” and a consensus target price of $52.09.

Shares of SYNA opened at $38.03 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.42 and a debt-to-equity ratio of 0.64. Synaptics has a 52-week low of $33.54 and a 52-week high of $55.25. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.64 and a beta of 0.92.

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, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.10. Synaptics had a positive return on equity of 12.96% and a negative net margin of 5.75%. The firm had revenue of $417.60 million during the quarter, compared to the consensus estimate of $410.60 million. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts forecast that Synaptics will post 2.92 earnings per share for the current year.

In other news, insider Kevin D. Barber sold 12,865 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $34.69, for a total transaction of $446,286.85. Following the completion of the sale, the insider now owns 14,001 shares in the company, valued at $485,694.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SYNA. TRUE Private Wealth Advisors bought a new stake in shares of Synaptics during the third quarter worth $103,000. BlueMountain Capital Management LLC bought a new stake in shares of Synaptics during the third quarter worth $104,000. Truvestments Capital LLC bought a new stake in shares of Synaptics during the third quarter worth $156,000. PNC Financial Services Group Inc. raised its position in shares of Synaptics by 83.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock worth $157,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of Synaptics during the third quarter worth $228,000. Institutional investors own 97.06% of the company’s stock.

About Synaptics

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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