Synaptics (SYNA) Earns Neutral Rating from Analysts at Susquehanna Bancshares

Equities research analysts at Susquehanna Bancshares initiated coverage on shares of Synaptics (NASDAQ:SYNA) in a research report issued to clients and investors on Friday. The brokerage set a “neutral” rating and a $38.00 price target on the software maker’s stock. Susquehanna Bancshares’ price objective indicates a potential downside of 0.58% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Craig Hallum upgraded Synaptics to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, August 29th. JPMorgan Chase & Co. increased their target price on Synaptics from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. ValuEngine upgraded Synaptics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Rosenblatt Securities set a $55.00 target price on Synaptics and gave the stock a “hold” rating in a research report on Saturday, August 11th. Finally, Needham & Company LLC increased their target price on Synaptics from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.09.

Shares of NASDAQ:SYNA traded down $0.18 during trading on Friday, hitting $38.22. 16,161 shares of the company’s stock were exchanged, compared to its average volume of 763,539. The company has a current ratio of 2.42, a quick ratio of 1.93 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 stock has a market capitalization of $1.36 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.69 and a beta of 0.92.



Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, November 8th. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $410.60 million. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, research analysts predict that Synaptics will post 2.92 earnings per share for the current fiscal year.

In related news, insider Kevin D. Barber sold 12,865 shares of the firm’s stock in a transaction that occurred 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 directly owns 14,001 shares of the company’s stock, valued at approximately $485,694.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of SYNA. TRUE Private Wealth Advisors bought a new stake in shares of Synaptics during the 3rd quarter worth approximately $103,000. BlueMountain Capital Management LLC bought a new stake in Synaptics during the 3rd quarter valued at $104,000. Truvestments Capital LLC bought a new stake in Synaptics during the 3rd quarter valued at $156,000. PNC Financial Services Group Inc. raised its position in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock valued at $157,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Synaptics during the 3rd quarter valued at $228,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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