Synaptics (SYNA) Earning Somewhat Positive Press Coverage, Report Shows

News articles about Synaptics (NASDAQ:SYNA) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synaptics earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 73 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of Synaptics (NASDAQ:SYNA) opened at 52.82 on Tuesday. The company has a market capitalization of $1.81 billion, a PE ratio of 79.55 and a beta of 1.13. Synaptics has a 12-month low of $47.00 and a 12-month high of $69.45. The firm’s 50-day moving average price is $56.52 and its 200-day moving average price is $54.27.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, April 27th. The software maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.04. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The firm had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $430.19 million. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that Synaptics will post $4.86 EPS for the current fiscal year.

SYNA has been the topic of several recent research reports. BMO Capital Markets restated a “hold” rating and issued a $56.00 price target on shares of Synaptics in a research note on Friday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $65.00 price target on shares of Synaptics in a research note on Friday, June 9th. Zacks Investment Research upgraded Synaptics from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Saturday, April 22nd. BidaskClub upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Cowen and Company reiterated an “outperform” rating and set a $75.00 target price on shares of Synaptics in a research note on Wednesday, March 22nd. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $59.43.

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In related news, CEO Rick Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $55.03, for a total transaction of $1,100,600.00. Following the completion of the transaction, the chief executive officer now owns 115,488 shares in the company, valued at approximately $6,355,304.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the transaction, the director now owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,930 shares of company stock worth $2,212,446. Corporate insiders own 3.60% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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