Synaptics (NASDAQ:SYNA) PT Lowered to $95.00 at Susquehanna

Synaptics (NASDAQ:SYNA) had its price target decreased by Susquehanna from $110.00 to $95.00 in a research report sent to investors on Monday, Benzinga reports. Susquehanna currently has a positive rating on the software maker’s stock.

Several other research analysts have also commented on SYNA. Needham & Company LLC reduced their price objective on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 9th. TD Cowen dropped their price target on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Finally, Craig Hallum dropped their target price on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Synaptics currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Synaptics Price Performance

NASDAQ SYNA opened at $71.21 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. Synaptics has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The company has a market capitalization of $2.84 billion, a PE ratio of 22.97 and a beta of 1.46. The business’s fifty day moving average is $75.27 and its 200 day moving average is $83.69.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm had revenue of $247.40 million during the quarter, compared to analyst estimates of $245.17 million. During the same period last year, the firm posted $0.01 earnings per share. Synaptics’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts predict that Synaptics will post 0.81 earnings per share for the current year.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the transaction, the insider now owns 45,789 shares of the company’s stock, valued at $3,663,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 5,609 shares of company stock valued at $448,720. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Synaptics

A number of hedge funds have recently made changes to their positions in the stock. Heron Bay Capital Management lifted its holdings in Synaptics by 1.3% in 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 during the last quarter. US Bancorp DE grew its holdings in shares of Synaptics by 3.5% in the 1st quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock worth $352,000 after acquiring an additional 123 shares during the last quarter. CWM LLC increased its stake in Synaptics by 26.0% in the 1st quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $66,000 after purchasing an additional 139 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Synaptics by 0.3% during the first quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock valued at $4,748,000 after acquiring an additional 163 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Synaptics by 3.9% in the second quarter. Choreo LLC now owns 4,845 shares of the software maker’s stock valued at $417,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds 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.