Synaptics Incorporated (NASDAQ:SYNA) saw a downside of -0.54% to close Friday at $88.23 after subtracting -$0.48 on the day. The 5-day average trading volume is 448,220 shares of the company’s common stock. It has gained $93.01 in the past week and touched a new high 1 time within the past 5 days. An average of 535,805 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 532,314.
SYNA’s 1-month performance is 1.36% or -$2.09 on its low of $80.28 reached on 08/04/23. The company’s shares have touched a 52-week low of $67.73 and high of $144.57, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, SYNA has lost -7.28% or -$6.93 and has reached a new high 16 times. However, the current price is down -38.97% from the 52-week high price.
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Insider Transactions
SYNA stock investors last saw insider trading activity on Aug 14.Awsare Saleel () most recently sold 7,669 shares at $91.16 per share on Aug 14. This transaction cost the insider $699,125., Butler Dean Warren, sold 10,144 shares at a price of $91.17 on Aug 08. Then, on Aug 07, McFarland John sold 946 shares at a price of $91.70 per share. This transaction amounted to $86,748.
Valuation Metrics
SYNA stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.59 while the price-to-book (PB) in the most recent quarter is 2.63, with the price to cash flow ratio at 10.12.
Synaptics Incorporated’s quick ratio for the period ended June 29 was 4.40, with the current ratio over the same period at 5.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.74, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 52.80%. The firm’s gross profit as reported stood at $715.9 million against revenue of $1.36 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -524.04% to $10.4 million, while revenue of $22.0 million was -111.54% off the previous quarter. Analysts expected SYNA to announce $0.43 per share in earnings in its latest quarter, but it posted $0.49, representing a 14.00% surprise. SYNA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.37 billion, with total debt at $978.0 million.
Let’s look briefly at Synaptics Incorporated (SYNA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 44.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.81%.
The stock’s 5-day moving average is $89.36, reflecting a -1.09% or -$0.97 change from its current price. SYNA is currently trading +0.32% above its 20-day SMA, -17.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.98% and SMA200 by-0.42%.
Stochastic %K and %D was 57.43% and 62.55% and the average true range (ATR) pointed at 3.46. The RSI (14) points at 47.29%, while the 14-day stochastic is at 57.46% with the period’s ATR at 3.49. The stock’s 9-day MACD Oscillator is pointing at -2.13 and -2.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Synaptics Incorporated (NASDAQ: SYNA), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SYNA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SYNA as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is SYNA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $85.00 and a high of $115.00, with their median price target at $100.00. Looking at these predictions, the average price target given by analysts is for Synaptics Incorporated (SYNA) stock is $98.89.
