Synaptics (NASDAQ:SYNA) Trading Up 0.2%

Synaptics Incorporated (NASDAQ:SYNA) shares were up 0.2% during trading on Monday . The stock traded as high as $90.58 and last traded at $88.84. Approximately 17,584 shares were traded during trading, a decline of 94% from the average daily volume of 282,181 shares. The stock had previously closed at $88.62.

Analyst Ratings Changes

Several research analysts have commented on SYNA shares. Wells Fargo & Company cut their target price on Synaptics from $115.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. KeyCorp cut their target price on Synaptics from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. TD Cowen dropped their price target on Synaptics from $135.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Needham & Company LLC dropped their price target on Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.67.

Synaptics Trading Down 0.6 %

The company has a market capitalization of $3.48 billion, a P/E ratio of -32.78 and a beta of 1.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.32 and a quick ratio of 4.78. The firm has a fifty day moving average price of $90.79 and a 200-day moving average price of $96.16.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. Synaptics had a negative return on equity of 0.90% and a negative net margin of 11.30%. The business had revenue of $237.30 million during the quarter, compared to analyst estimates of $235.17 million. During the same period in the prior year, the company earned $1.14 earnings per share. Synaptics’s revenue was down 27.3% compared to the same quarter last year. On average, equities research analysts anticipate that Synaptics Incorporated will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Synaptics

Institutional investors and hedge funds have recently bought and sold shares of the company. Heron Bay Capital Management lifted its position in shares of Synaptics by 1.3% during the first quarter. Heron Bay Capital Management now owns 9,197 shares of the software maker’s stock worth $897,000 after acquiring an additional 116 shares in the last quarter. US Bancorp DE raised its position in shares of Synaptics by 3.5% in the first quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock worth $352,000 after buying an additional 123 shares in the last quarter. CWM LLC raised its position in shares of Synaptics by 26.0% in the first quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $66,000 after buying an additional 139 shares in the last quarter. Bridge City Capital LLC raised its position in shares of Synaptics by 0.8% in the first quarter. Bridge City Capital LLC now owns 19,092 shares of the software maker’s stock worth $1,863,000 after buying an additional 149 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Synaptics by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock worth $4,748,000 after buying an additional 163 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

About Synaptics

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.