Notable Price Action: After Today’s Huge Decline, Is Synaptics, Incorporated’s Near-Term Analysis Negative?

Notable Price Action: After Today's Huge Decline, Is Synaptics, Incorporated's Near Term Analysis Negative?

The stock of Synaptics, Incorporated (NASDAQ:SYNA) is a huge mover today! About 1.91 million shares traded hands or 143.35% up from the average. Synaptics, Incorporated (NASDAQ:SYNA) has declined 29.57% since April 6, 2016 and is downtrending. It has underperformed by 31.53% the S&P500.
The move comes after 8 months negative chart setup for the $1.88 billion company. It was reported on Nov, 8 by Barchart.com. We have $48.97 PT which if reached, will make NASDAQ:SYNA worth $112.80 million less.

Synaptics, Incorporated (NASDAQ:SYNA) Ratings Coverage

Out of 13 analysts covering Synaptics Inc (NASDAQ:SYNA), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. Synaptics Inc has been the topic of 33 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Needham downgraded it to “Buy” rating and $88 target price in Friday, January 29 report. Stifel Nicolaus maintained it with “Buy” rating and $80 target price in Friday, January 29 report. The firm has “Hold” rating by Craig Hallum given on Friday, October 28. The rating was maintained by Craig Hallum with “Buy” on Friday, April 29. The firm has “Buy” rating given on Tuesday, January 12 by Lake Street. On Friday, April 29 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock has “Buy” rating given by Craig Hallum on Friday, July 29. The stock of Synaptics, Incorporated (NASDAQ:SYNA) earned “Hold” rating by Needham on Friday, October 28. The company was downgraded on Friday, October 23 by Dougherty & Company. Stifel Nicolaus maintained Synaptics, Incorporated (NASDAQ:SYNA) on Friday, October 23 with “Buy” 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 2016 Q2. Its down 0.39, from 1.18 in 2016Q1. The ratio turned 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.
Paloma Mgmt Communications holds 0% or 7,720 shares in its portfolio. Moreover, Old Mutual Global Invsts (Uk) Limited has 0.02% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 18,337 shares. Eventide Asset accumulated 390,500 shares or 1.28% of the stock. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 10,614 shares. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in Synaptics, Incorporated (NASDAQ:SYNA). Millennium Limited Liability Corporation accumulated 0.02% or 173,183 shares. Liberty Mutual Asset last reported 0.03% of its portfolio in the stock. Airain last reported 73,255 shares in the company. Blackrock Institutional Trust Na owns 1.07 million shares or 0.01% of their US portfolio. Coatue Management Limited Com has 299,592 shares for 0.23% of their US portfolio. Weaver C Barksdale Assocs Inc holds 128 shares or 0.01% of its portfolio. Hgk Asset Mgmt Incorporated last reported 0.06% of its portfolio in the stock. Oregon Public Employees Retirement Fund accumulated 0.01% or 12,265 shares. Tiaa Cref Lc accumulated 131,856 shares or 0.01% of the stock. Fifth Third Bank & Trust reported 177 shares or 0% of all its holdings.

Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 6 sales for $2.11 million net activity. On Tuesday, August 30 the insider McFarland John sold $166,680. $659,933 worth of Synaptics, Incorporated (NASDAQ:SYNA) was sold by Bergman Rick on Monday, May 9.

More important recent Synaptics, Incorporated (NASDAQ:SYNA) news were published by: Fool.com which released: “How Synaptics Incorporated Fell 10.3% in April” on May 11, 2016, also Fool.com published article titled: “Synaptics Incorporated Stock: A Value Investor’s Dream?”, Fool.com published: “Why Synaptics, Incorporated Stock Plunged Today” on June 17, 2016. More interesting news about Synaptics, Incorporated (NASDAQ:SYNA) was released by: Profitconfidential.com and their article: “SYNA Stock: This Synaptics, Incorporated Trade Has 127%+ Upside Potential” with publication date: September 02, 2016.

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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