The stock of Synaptics Incorporated (NASDAQ:SYNA) decreased by -$1.78 on Friday to finish at $89.20, down -1.96 percent. The last five days have seen an average of 542,980 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$5.96. The average number of shares traded over the last 20 days was 551,140, while the average volume over the last 50 days totaled 567,666.
SYNA stock dropped -5.48% since last month. On 08/04/23, the company’s shares reached a one-month low of $80.28. The stock touched a high of $147.71 on 02/02/23, after rallying from a low of $67.73 in 52 weeks. The price of SYNA stock has declined by -6.26% or -$5.96 this year, reaching a new high 16 times. Still, the stock price is down -39.61% from the 52-week high.
Insider Transactions
SYNA stock investors should be aware that Synaptics Incorporated (SYNA) stock had its last reported insider trading activity 6 days ago on Aug 08. On Aug 08, Butler Dean Warren sold 10,144 shares at $91.17 each. This transaction resulted in the insider making $924,858. On Aug 07, McFarland John sold 946 shares at a price of US$91.70. After the transaction, the insider now owns 10,379 shares. below HURLSTON MICHAEL E. had earlier sold 46,981 shares on May 26 for $85.73 a share. The transaction was completed for $4,027,532.
Valuation Metrics
Synaptics Incorporated (SYNA) has a trailing price-to-earnings (P/E) ratio of 20.13. Beta for the stock is 1.54. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.24, the price-to-book (PB) ratio of 2.66, and the price-to-cash flow ratio of 10.38.
Financial Health
For the three months ended June 29, Synaptics Incorporated’s quick ratio was 4.40, while its current ratio was 5.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.74, and the total debt to equity ratio is 0.74. As far as profitability goes, gross margin for the trailing twelve months is 54.90% percent. Synaptics Incorporated’s operating margin stood at 23.10% for the same period. Based on annual data, it had gross profit of $943.1 million and revenue of $1.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SYNA’s return on assets (ROA) during the last 12 months has been 8.40%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.00%.
Earnings Surprise
According to Synaptics Incorporated’s quarterly financial report for the quarter that ended June 29, it had $972.9 million in total debt versus $35.9 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $326.6 million, while revenues fell by -43.94% to $353.1 million. It was predicted that Synaptics Incorporated’s quarterly earnings would be $0.49, but it ended up being $0.43, beating the consensus by 14.00%. EBITDA was $77.6 million for the quarter. At the end of Synaptics Incorporated’s most recent quarter ended June 29, its liabilities totaled 1.39 billion, while its total debt was $978.0 million. Equity owned by shareholders amounts to $39.52 million.
Technical Picture
Here’s a quick look at Synaptics Incorporated’s (SYNA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 45.60%, suggesting the stock is Neutral, with a 40.00% historical volatility rate.
The stochastic %K and %D were 76.65% and 86.71% respectively, while the average true range (ATR) was 3.93. Based on the 14-day stochastic reading of 64.46%, the RSI (14) reading is 49.10%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at 0.18.
Analyst Ratings
Synaptics Incorporated (NASDAQ: SYNA) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Synaptics Incorporated (SYNA) an Overweight rating. SYNA is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is SYNA’s price target for the next 12 months?
The current consensus forecast for the stock is between $85.00 and $115.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for Synaptics Incorporated (SYNA) is $98.89.
