Redstone Technology Initiates Coverage on Synaptics Incorporated to Positive

Redstone Technology Initiates Coverage on Synaptics Incorporated(NASDAQ:SYNA). The shares have been rated Positive. The rating by Redstone Technology was issued on Apr 11, 2016.

In a different note, Rosenblatt said it Initiates Coverage on Synaptics Incorporated, according to a research note issued on Mar 8, 2016. The shares have been rated ‘Buy’ by the firm. On Jan 29, 2016, Needham said it Downgrades its rating on Synaptics Incorporated. The shares have been rated ‘Buy’ by the firm. On Jan 20, 2016, Oppenheimer said it Downgrades its rating on Synaptics Incorporated. The shares have been rated ‘Perform’ by the firm.

Synaptics Incorporated (SYNA) shares turned negative on Fridays trading session with the shares closing down -1.02 points or -1.17% at a volume of 7,67,612. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $88.53. The peak price level was also seen at $88.53 while the days lowest was $85.67. Finally the shares closed at $86.19. The 52-week high of the shares is $102.5 while the 52-week low is $57.02. According to the latest information available, the market cap of the company is $3,160 M.

Synaptics Incorporated(SYNA) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $470.50M. Analysts had an estimated revenue of $479.24M. Earnings per share were $1.60. Analysts had estimated an EPS of $1.59.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Rick Bergman (President and CEO) sold 10,000 shares at $83.99 per share price.Also, On Feb 2, 2016, Scott Deutsch (SVP of Worldwide Sales) sold 2,709 shares at $74.02 per share price.On Nov 12, 2015, Richard L Sanquini (director) sold 1,124 shares at $91.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing communications entertainment and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones tablets and notebook PCs. The TouchPad family including ClickPad and ForcePad is integrated into the majority of today’s notebook PCs. Natural ID fingerprint sensor technology enables authentication mobile payments and touch-based navigation for smartphones tablets and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions as well as key technologies for next generation touch-enabled video and display applications.

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