News headlines about Synaptics (NASDAQ:SYNA) have trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synaptics earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.1247512490123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
Shares of NASDAQ:SYNA traded down $0.72 during trading on Thursday, hitting $46.96. 709,159 shares of the company’s stock were exchanged, compared to its average volume of 761,510. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65. Synaptics has a 52-week low of $33.73 and a 52-week high of $64.54. The stock has a market capitalization of $1,518.29, a P/E ratio of 14.14, a P/E/G ratio of 1.16 and a beta of 0.91.
Synaptics (NASDAQ:SYNA) last released its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $430.59 million. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.49 earnings per share. research analysts predict that Synaptics will post 2.53 earnings per share for the current fiscal year.
Several brokerages recently weighed in on SYNA. Craig Hallum reaffirmed a “buy” rating and issued a $49.00 price target (up from $43.00) on shares of Synaptics in a research note on Thursday, February 8th. Stifel Nicolaus cut their target price on Synaptics from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. ValuEngine cut Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Mizuho raised Synaptics from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $55.00 in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Synaptics in a report on Wednesday, December 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics presently has an average rating of “Hold” and a consensus target price of $47.68.
In other Synaptics news, Director Nelson C. Chan sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $45.17, for a total transaction of $135,510.00. Following the completion of the transaction, the director now owns 25,231 shares in the company, valued at approximately $1,139,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick Bergman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,258 shares of company stock valued at $1,283,444 in the last 90 days. 3.70% of the stock is currently owned by company insiders.
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Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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