November 30, 2016 - By Darrin Black · 0 Comments
Synaptics Inc (NASDAQ:SYNA) institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.12, from 0.79 in 2016Q1. The ratio has increased, as 123 institutional investors increased or opened new stock positions, while 156 sold and reduced their positions in Synaptics Inc. The institutional investors in our partner’s database now possess: 30.84 million shares, down from 33.86 million shares in 2016Q1. Also, the number of institutional investors holding Synaptics Inc in their top 10 stock positions decreased from 2 to 0 for a decrease of 2. Sold All: 55 Reduced: 101 Increased: 84 New Position: 39.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The company has a market cap of $1.85 billion. The Firm 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. It has a 38.51 P/E ratio. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad.
The stock closed at $53.17 during the last session. It is down 38.12% since April 27, 2016 and is downtrending. It has underperformed by 43.35% the S&P500.
Analysts await Synaptics, Incorporated (NASDAQ:SYNA) to report earnings on January, 26. They expect $1.03 earnings per share, down 19.53% or $0.25 from last year’s $1.28 per share. SYNA’s profit will be $35.84 million for 12.91 P/E if the $1.03 EPS becomes a reality. After $0.62 actual earnings per share reported by Synaptics, Incorporated for the previous quarter, Wall Street now forecasts 66.13% EPS growth.
According to Zacks Investment Research, “Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market. Products include the TouchPad input device, TouchStyk pointing stick, Dual Pointing combination input solution, ClearPad touch screen, Spiral pen input solution, and QuickStroke Chinese handwriting software.”
Crosslink Capital Inc holds 2.59% of its portfolio in Synaptics, Incorporated for 268,352 shares. Raging Capital Management Llc owns 240,962 shares or 1.99% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 1.54% invested in the company for 113,340 shares. The Massachusetts-based Fernwood Investment Management Llc has invested 1.4% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 151,555 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 insider sales for $2.88 million net activity.
Ratings analysis reveals 38% of Synaptics Inc’s analysts are positive. Out of 13 Wall Street analysts rating Synaptics Inc, 5 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $57 while the high is $118. The stock’s average target of $82.67 is 55.48% above today’s ($53.17) share price. SYNA was included in 33 notes of analysts from August 3, 2015. The stock of Synaptics, Incorporated (NASDAQ:SYNA) earned “Hold” rating by Needham on Friday, October 28. The firm has “Neutral” rating by Dougherty & Company given on Friday, October 23. Mizuho maintained Synaptics, Incorporated (NASDAQ:SYNA) on Thursday, June 16 with “Neutral” rating. The firm earned “Buy” rating on Tuesday, January 12 by Lake Street. Cross Research downgraded Synaptics, Incorporated (NASDAQ:SYNA) on Friday, April 15 to “Hold” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, April 29. Craig Hallum maintained Synaptics, Incorporated (NASDAQ:SYNA) rating on Friday, July 29. Craig Hallum has “Buy” rating and $70 price target. The firm has “Buy” rating given on Friday, October 23 by Stifel Nicolaus. The stock has “Buy” rating given by Mizuho on Friday, July 31. The rating was upgraded by Mizuho on Thursday, October 13 to “Buy”.
Synaptics Incorporated, incorporated on January 7, 2002, is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Firm 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. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad. The Company’s other product solutions include dual pointing solutions, TouchStyk, and TouchButtons. The Company’s dual pointing solutions offer TouchPad with a pointing stick in a single notebook computer, enabling users to select their interface of choice. TouchStyk is a self-contained pointing stick module that uses capacitive technology similar to that used in its TouchPad. TouchButtons provide capacitive buttons and scrolling controls for an interface solution designed to replace mechanical buttons.
More notable recent Synaptics, Incorporated (NASDAQ:SYNA) news were published by: Fool.com which released: “Synaptics Incorporated Stock: A Value Investor’s Dream?” on June 25, 2016, also Fool.com with their article: “How Synaptics Incorporated Fell 10.3% in April” published on May 11, 2016, Fool.com published: “Why Synaptics, Incorporated Stock Plunged Today” on June 17, 2016. More interesting news about Synaptics, Incorporated (NASDAQ:SYNA) were released by: Schaeffersresearch.com and their article: “Analyst Update: Twitter Inc, Synaptics, Incorporated, and Gigamon Inc” published on October 28, 2016 as well as Profitconfidential.com‘s news article titled: “SYNA Stock: This Synaptics, Incorporated Trade Has 127%+ Upside Potential” with publication date: September 02, 2016.
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By Darrin Black