Checking the True Picture for Synaptics Incorporated (SYNA)

On Wednesday, shares of Synaptics Incorporated (NASDAQ:SYNA) marked $58.82 per share versus a previous $60.12 closing price. With having a -2.16% loss, an insight into the fundamental values of Synaptics Incorporated, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. SYNA showed a fall of -10.57% within its YTD performance, with highs and lows between $28.80 – $84.75 during the period of 52 weeks, compared to the simple moving average of -1.57% in the period of the last 200 days.

Rosenblatt equity researchers changed the status of Synaptics Incorporated (NASDAQ: SYNA) shares to a “Neutral” rating in the report published on June 15th, 2020. Other analysts, including KeyBanc Capital Markets, also published their reports on SYNA shares. KeyBanc Capital Markets repeated the rating from the previous report, marking SYNA under “Sector Weight” rating, in the report published on March 31st, 2020. Additionally, SYNA shares got another “Underweight” rating from JP Morgan, setting a target price of $40 on the company’s shares, according to the report published in March 20th, 2020. On February 7th, 2020, JP Morgan Upgrade an Neutral rating and increased its price target from $52 to $73. On the other hand, Craig Hallum Reiterated the “Hold” rating for SYNA shares, as published in the report on February 7th, 2020. Mizuho seems to be going bullish on the price of SYNA shares, based on the price prediction for SYNA, indicating that the shares will jump from $46 to $77, giving the shares “Buy” rating based on their report from January 16th, 2020. Another “Overweight” rating came from KeyBanc Capital Markets, providing a prediction for $77 price target according to the report published in January 3rd, 2020.

Synaptics Incorporated (SYNA) Analysis

The present dividend yield for SYNA owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Synaptics Incorporated, the company needs to provide a healthy cash flow, currently at the value of 10.97. In addition, the growth of sales from quarter to quarter is recording -1.80%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Synaptics Incorporated (SYNA) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -2.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 3.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while SYNA is currently recording an average of 541.52K in volumes. The volatility of the stock on monthly basis is set at 4.61%, while the weekly volatility levels are marked at 4.30%with -1.08% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $79.75, indicating growth from the present price of $58.82, which can represent yet another valuable research and analysis points that can help you decide whether to invest in SYNA or pass.

What to Look for When Analyzing Synaptics Incorporated Shares?

Synaptics Incorporated (SYNA) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare SYNA shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Synaptics Incorporated, while the value 12.15 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.51 is supported by the yearly EPS growth of 72.60%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.90%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in SYNA Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in SYNA in the recent period. That is how Fidelity Management & Research Co now has an increase position in SYNA by 218.19% in the first quarter, owning 3.98 million shares of SYNA stocks, with the value of $253.46 million after the purchase of an additional 2,727,595 shares during the last quarter. In the meanwhile, Renaissance Technologies LLC also increased their stake in SYNA shares changed 36.84% in the first quarter, which means that the company now owns 1.26 million shares of company, all valued at $80.07 million after the acquisition of additional 338,300 shares during the last quarter.

D. E. Shaw & Co. LP acquired a new position in Synaptics Incorporated during the first quarter, with the value of $59.95 million, and Citadel Advisors LLC increased their stake in the company’s shares by 603.84% in the first quarter, now owning 548,635 shares valued at $40.75 million after the acquisition of the additional 639493 shares during the last quarter.