Synaptics, Incorporated (NASDAQ:SYNA) shares have received a bit of a boost today when the company announced that they will be reporting earnings in a little less than three weeks.
Synaptics, Incorporated (NASDAQ:SYNA) will release their second quarter fiscal 2016 results on January 28, 2016, and will hold a “forward-looking” informative conference call at 5:00 PM ET on that same day. Whether the company plans to announce any news at this time is not known, but it will be interesting to follow.
The stock is up 2.48% or $1.69 following the news, hitting $69.84 per share. About 606,310 shares traded hands or up 18.45% from the average. SYNA has declined 30.99% since June 4, 2015 and is currently downtrending. It has underperformed the S&P500 by 25.14%.
From a total of 5 analysts covering Synaptics Inc (NASDAQ:SYNA) stock, 4 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $105 while the lowest target price is $78. The mean of all analyst targets is $94 which is 34.59% above today’s ($69.84) stock price. Synaptics Inc was the topic of 12 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Dougherty & Company downgraded shares on October 23 to a “Neutral” rating. Northland Capital maintained SYNA stock in a recent report from October 23 with a “Outperform” rating.
The institutional sentiment decreased to 0.79 in Q2 2015. It’s down 0.28, from 1.07 in 2015Q2. The ratio fall, as 79 funds sold all their Synaptics, Incorporated shares they owned while 100 reduced their positions. 42 funds bought stakes while 100 increased their total positions. Institutions now own 31.13 million shares which is 14.54% less than the previous share count of 36.43 million in 2015Q2.
Crosslink Capital Inc holds 5.01% of its total portfolio in Synaptics, Incorporated, equating to 436,003 shares. Mitchell Capital Management Co owns 113,812 shares representing 3.28% of their total US portfolio. Moreover, New Amsterdam Partners Llc Ny has 2.98% of their total portfolio invested in the company, equating to 355,623 shares. The New York-based Tanaka Capital Management Inc has a total of 2.26% of their portfolio invested in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 161,089 shares owned.
Since April 1, 2015, the stock had 0 insider purchases, and 14 selling transactions for a total of $8.41 million in net activity. Lee Francis F sold 20,000 shares worth $1.70M. Sewell Bretton sold 2,133 shares worth $183,182. Knittel Russell J sold 15,000 shares worth $1.30 million. Buchanan Jeffrey D sold 1,500 shares worth $127,500. The insider Deutsch Scott sold 328 shares worth $27,880.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The company has a market cap of $2.50 billion. The portfolio includes Display Driver ICs which drive high-performance displays for smartphones and tablets. It has 25.01 P/E ratio. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs.