During the last session, Synaptics Inc (NASDAQ:SYNA)’s traded shares were 0.36 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $49.07, reflecting an intraday gain of 2.08% or $1.0. The 52-week high for the SYNA share is $98.00, that puts it down -99.71 from that peak though still a striking 14.82% gain since the share price plummeted to a 52-week low of $41.80. The company’s market capitalization is $1.92B, and the average intraday trading volume over the past 10 days was 0.83 million shares, and the average trade volume was 691.90K shares over the past three months.
Synaptics Inc (SYNA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. SYNA has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.86.
Synaptics Inc (NASDAQ:SYNA) trade information
Synaptics Inc (SYNA) registered a 2.08% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.08% in intraday trading to $49.07, hitting a weekly high. The stock’s 5-day price performance is 3.39%, and it has moved by -25.28% in 30 days. Based on these gigs, the overall price performance for the year is -43.51%. The short interest in Synaptics Inc (NASDAQ:SYNA) is 4.15 million shares and it means that shorts have 8.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $95, which implies an increase of 48.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $95 and $95 respectively. As a result, SYNA is trading at a discount of -93.6% off the target high and -93.6% off the low.
Synaptics Inc (SYNA) estimates and forecasts
In the rating firms’ projections, revenue will increase 11.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 265.03M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 274.88M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 237.3M and 247.4M respectively. In this case, analysts expect current quarter sales to grow by 11.69% and then jump by 11.11% in the coming quarter.
SYNA Dividends
Synaptics Inc is due to release its next quarterly earnings on 2025-Feb-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Synaptics Inc (NASDAQ:SYNA)’s Major holders
Synaptics Inc insiders own 1.45% of total outstanding shares while institutional holders control 102.43%, with the float percentage being 103.93%. AMERIPRISE FINANCIAL INC is the largest shareholder of the company, while 388.0 institutions own stock in it. As of 2024-06-30, the company held over 4.81 million shares (or 12.2501% of all shares), a total value of $424.62 million in shares.
The next largest institutional holding, with 4.73 million shares, is of BLACKROCK INC.’s that is approximately 11.9766% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $417.25 million.
Also, the Mutual Funds coming in first place with the largest holdings of Synaptics Inc (SYNA) shares are Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati and Fidelity Select Portfolios-Semiconductors Portfolio. Data provided on Nov 30, 2024 indicates that Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati owns about 2.95 shares. This amounts to just over 7.54 percent of the company’s overall shares, with a $144.93 million market value. The same data shows that the other fund manager holds slightly less at 1.52, or about 3.88% of the stock, which is worth about $74.58 million.
