Synaptics Incorporated (SYNA) Shares are Down -1.32%

Synaptics Incorporated (SYNA) has risen sharply, recording gains of 5.09% in the past 4 weeks. However, the stock has corrected -1.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.69% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Synaptics Inc. has dropped 15.15% during the last 3-month period . Year-to-Date the stock performance stands at -31.9%. The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 1.33%.


Synaptics Incorporated (NASDAQ:SYNA): The stock opened at $54.94 on Friday but the bulls could not build on the opening and the stock topped out at $55.74 for the day. The stock traded down to $54.67 during the day, due to lack of any buying support eventually closed down at $54.71 with a loss of -0.69% for the day. The stock had closed at $55.09 on the previous day. The total traded volume was 348,020 shares.

Also, Equity Analysts at the Mizuho Securities downgrades the rating on Synaptics Incorporated (NASDAQ:SYNA). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 29, 2016.

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 todays 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.