Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Rating of "Buy" from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have received an average recommendation of "Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $93.75.

Several equities research analysts recently commented on SYNA shares. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 price target on shares of Synaptics in a report on Thursday, February 27th. Needham & Company LLC started coverage on shares of Synaptics in a research note on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Finally, Mizuho cut their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, March 24th.

Synaptics Price Performance

Shares of Synaptics stock traded down $0.67 on Monday, hitting $61.81. The company's stock had a trading volume of 353,567 shares, compared to its average volume of 479,493. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics has a 1 year low of $41.80 and a 1 year high of $98.00. The firm has a fifty day moving average price of $56.48 and a 200-day moving average price of $68.34. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 14.61 and a beta of 1.67.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.03 million. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. Synaptics's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, sell-side analysts anticipate that Synaptics will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Synaptics

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of Synaptics by 22.5% during the first quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker's stock worth $388,587,000 after buying an additional 1,118,559 shares in the last quarter. Vanguard Group Inc. grew its stake in Synaptics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after acquiring an additional 93,155 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Synaptics during the 4th quarter valued at about $152,895,000. FMR LLC grew its position in shares of Synaptics by 0.9% in the fourth quarter. FMR LLC now owns 1,891,227 shares of the software maker's stock valued at $144,338,000 after purchasing an additional 16,337 shares in the last quarter. Finally, Trigran Investments Inc. grew its position in shares of Synaptics by 5.5% in the first quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker's stock valued at $72,050,000 after purchasing an additional 58,511 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.