Craig Hallum restated their buy rating on shares of Synaptics (NASDAQ:SYNA) in a research report sent to investors on Thursday, Marketbeat reports. They currently have a $49.00 target price on the software maker’s stock, up from their prior target price of $43.00.

Several other research firms have also recently commented on SYNA. ValuEngine cut Synaptics from a buy rating to a hold rating in a research note on Saturday, January 13th. KeyCorp raised Synaptics from a sector weight rating to an overweight rating in a research note on Friday, January 12th. Oppenheimer reissued a sell rating and set a $35.00 target price on shares of Synaptics in a research note on Wednesday, November 8th. Stifel Nicolaus lowered their target price on Synaptics from $68.00 to $59.00 and set a buy rating for the company in a research note on Wednesday, November 8th. Finally, Needham & Company LLC reissued a buy rating and set a $55.00 target price on shares of Synaptics in a research note on Wednesday, December 13th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $47.63.

Synaptics (NASDAQ:SYNA) opened at $44.05 on Thursday. Synaptics has a one year low of $33.73 and a one year high of $64.54. The company has a market capitalization of $1,490.00, a price-to-earnings ratio of -17.14, a P/E/G ratio of 1.05 and a beta of 1.12. The company has a current ratio of 2.36, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65.

Synaptics (NASDAQ:SYNA) last released its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The firm had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $430.59 million. During the same period in the previous year, the firm posted $1.49 EPS. Synaptics’s revenue for the quarter was down 6.7% on a year-over-year basis. analysts anticipate that Synaptics will post 2.8 earnings per share for the current fiscal year.

In related news, insider Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 22,100 shares of company stock valued at $1,085,000. Insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Synaptics by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,228,015 shares of the software maker’s stock valued at $218,630,000 after purchasing an additional 110,567 shares during the period. State Street Corp boosted its position in shares of Synaptics by 0.6% in the 2nd quarter. State Street Corp now owns 1,313,469 shares of the software maker’s stock valued at $67,921,000 after purchasing an additional 8,390 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Synaptics by 2.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,244,747 shares of the software maker’s stock valued at $64,366,000 after purchasing an additional 27,878 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Synaptics by 35.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 1,232,000 shares of the software maker’s stock valued at $48,270,000 after purchasing an additional 321,537 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Synaptics by 11.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,214,796 shares of the software maker’s stock valued at $47,596,000 after purchasing an additional 125,826 shares during the period. 97.74% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/12/synaptics-syna-stock-rating-reaffirmed-by-craig-hallum.html.

Synaptics Company Profile

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.