Today’s Stock Alert: Could Synaptics, Incorporated See a Reversal After This Very Strong Session?

Today's Stock Alert: Could Synaptics, Incorporated See a Reversal After This Very Strong Session?

The stock of Synaptics, Incorporated (NASDAQ:SYNA) is a huge mover today! About 844,833 shares traded hands or 34.85% up from the average. Synaptics, Incorporated (NASDAQ:SYNA) has declined 32.03% since February 26, 2016 and is downtrending. It has underperformed by 42.46% the S&P500.
The move comes after 7 months positive chart setup for the $1.91B company. It was reported on Sep, 30 by Barchart.com. We have $96.71 PT which if reached, will make NASDAQ:SYNA worth $1.28B more.

Analysts await Synaptics, Incorporated (NASDAQ:SYNA) to report earnings on October, 27. They expect $0.68 EPS, down 43.33% or $0.52 from last year’s $1.2 per share. SYNA’s profit will be $22.43M for 21.29 P/E if the $0.68 EPS becomes a reality. After $0.24 actual EPS reported by Synaptics, Incorporated for the previous quarter, Wall Street now forecasts 183.33% EPS growth.

Synaptics, Incorporated (NASDAQ:SYNA) Ratings Coverage

Out of 13 analysts covering Synaptics Inc (NASDAQ:SYNA), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Synaptics Inc has been the topic of 30 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 31 by Northland Capital. Rosenblatt initiated the stock with “Buy” rating in Tuesday, March 8 report. The rating was downgraded by Needham on Friday, January 29 to “Buy”. As per Friday, January 29, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Lake Street with “Buy” on Tuesday, January 12. Stifel Nicolaus maintained Synaptics, Incorporated (NASDAQ:SYNA) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $95.0 price target. On Friday, July 31 the stock rating was maintained by Dougherty & Company with “Buy”. The rating was maintained by Mizuho on Friday, October 23 with “Buy”. On Friday, July 31 the stock rating was maintained by Mizuho with “Buy”. Lake Street downgraded the shares of SYNA in a report on Wednesday, July 6 to “Hold” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.39, from 1.18 in 2016Q1. The ratio is negative, as 55 funds sold all Synaptics, Incorporated shares owned while 101 reduced positions. 39 funds bought stakes while 84 increased positions. They now own 30.84 million shares or 8.93% less from 33.86 million shares in 2016Q1.
Employees Retirement Sys Of Texas owns 65,000 shares or 0.05% of their US portfolio. Fifth Third Bank & Trust reported 177 shares or 0% of all its holdings. Advantus Capital accumulated 0.01% or 4,462 shares. Comerica Bancorp has invested 0.01% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA). Loomis Sayles & Lp last reported 75 shares in the company. Trexquant L P holds 0.13% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 19,100 shares. Legal And General Group Plc last reported 0% of its portfolio in the stock. Jensen Invest Mgmt holds 0.01% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 6,360 shares. Grandeur Peak Global Advsrs Llc, a Us-based fund reported 42,450 shares. California State Teachers Retirement last reported 77,946 shares in the company. Moreover, Focused Wealth Mngmt has 0.01% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 200 shares. The California-based Schwab Charles Management has invested 0.01% in Synaptics, Incorporated (NASDAQ:SYNA). Amalgamated Retail Bank accumulated 4,471 shares or 0.01% of the stock. Redmond Asset Management Limited Company has 25,849 shares for 0.69% of their US portfolio. Envestnet Asset holds 0% or 3,573 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 6 selling transactions for $2.66 million net activity. Bergman Rick sold 10,000 shares worth $560,682. Shares for $16,620 were sold by McFarland John on Thursday, September 8.

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: Fool.com and their article: “Why Synaptics Incorporated Stock Is an Absolute Steal” published on September 30, 2015 as well as Fool.com‘s news article titled: “Synaptics Incorporated Might Have Won Apple Inc. Back — for Now” with publication date: November 09, 2015.

SYNA Company Profile

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.

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