Synaptics Incorporated (SYNA) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts are broadly neutral on Synaptics: 14 firms give the stock a consensus “Hold” rating (11 hold, two buy, one sell), with an average 12-month price target of $126.40.
• Recent rating moves included downgrades from Zacks Research and Wells Fargo; Wells Fargo cut its target to $123, while Rosenblatt raised its target to $123 and maintained a neutral rating.
• Synaptics reported quarterly EPS of $1.26, slightly above the $1.25 consensus, but revenue of $294 million fell short of the $315.56 million estimate. Revenue was up 0.5% year over year.

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have been given a consensus rating of "Hold" by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $126.40.

Several equities analysts recently weighed in on SYNA shares. Zacks Research downgraded Synaptics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Weiss Ratings cut Synaptics from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Craig Hallum set a $105.00 price objective on Synaptics in a research note on Friday, August 7th. Wells Fargo & Company cut Synaptics from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $140.00 to $123.00 in a research report on Friday, October 2nd. Finally, Rosenblatt Securities lifted their price objective on Synaptics from $115.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, October 2nd.

Synaptics Price Performance

SYNA opened at $116.70 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Synaptics has a 1-year low of $58.28 and a 1-year high of $149.11. The company has a market capitalization of $4.64 billion, a PE ratio of -9.28 and a beta of 1.94. The firm's 50 day simple moving average is $107.98 and its two-hundred day simple moving average is $103.40.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The software maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.01. Synaptics had a negative net margin of 40.70% and a positive return on equity of 5.11%. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $315.56 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts forecast that Synaptics will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other Synaptics news, insider Esther Song sold 437 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $103.68, for a total value of $45,308.16. Following the completion of the transaction, the insider directly owned 14,683 shares in the company, valued at $1,522,333.44. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Lisa Bodensteiner sold 334 shares of the company's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $92.63, for a total transaction of $30,938.42. Following the completion of the transaction, the insider directly owned 77,518 shares of the company's stock, valued at $7,180,492.34. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 15,591 shares of company stock worth $1,571,750. Company insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Synaptics

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of Synaptics by 25.0% during the third quarter. Russell Investments Group Ltd. now owns 56,738 shares of the software maker's stock worth $5,753,000 after acquiring an additional 11,337 shares during the last quarter. New York Life Investment Management LLC purchased a new position in Synaptics during the third quarter valued at $4,979,000. Ashton Thomas Private Wealth LLC grew its stake in Synaptics by 53.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,200 shares of the software maker's stock valued at $426,000 after acquiring an additional 1,461 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Synaptics by 1.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,082 shares of the software maker's stock valued at $819,000 after acquiring an additional 100 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Synaptics by 12.5% in the 3rd quarter. D.A. Davidson & CO. now owns 12,947 shares of the software maker's stock valued at $1,313,000 after acquiring an additional 1,442 shares during the last quarter. Institutional investors own 99.43% of the company's stock.

About Synaptics

Synaptics Incorporated NASDAQ: SYNA develops semiconductor products and software that enable people to interact with electronic devices. Its technologies are used in personal computers, mobile devices, automotive systems and Internet of Things (IoT) products.

The company's offerings include touch controllers, touchpads, fingerprint sensors and display drivers, as well as wireless connectivity, audio and video processing, and edge-computing solutions. Synaptics sells primarily to device makers and other technology companies that incorporate its products into consumer and commercial electronics.

Founded in 1986, Synaptics serves customers around the world.

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