Synaptics Incorporated (SYNA) Stock: Why It’s Declining

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Synaptics Incorporated (SYNA) is headed up in the market today. The company, one that is focused in the tech sector, is currently trading at $33.53 after a move down of -22.44% so far today. In terms of technology companies, there are several factors that have the ability to lead to price movement in the market. One of the most common is news. Here are the recent stories surrounding SYNA:

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Mar-18-19 12:48PM Stocks making the biggest moves midday: Facebook, Deutsche Bank, Lumber Liquidators & more
11:59AM Synaptics Shares Plunge on CEO Departure, Reduced Guidance
11:46AM Why Synaptics Stock Tumbled Today
09:05AM The Zacks Analyst Blog Highlights: Synaptics, Xilinx, Cree, Mellanox and Cabot
09:01AM [$$] Stocks to Watch: Boeing, Synaptics, Apple, Marriott, Lumber Liquidators, and More

Nonetheless, when making a decision with regard to investing, investors should look into much more than news, especially in the ever (changing|evolving) technology industry. Here’s what’s happening with Synaptics Incorporated.

What We’ve Seen From SYNA

While a move down in a single session, like the fall that we’re seeing from Synaptics Incorporated may lead to fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to take a look at trends experienced by the stock further out than a single session. When it comes to SYNA, below are the returns on investment that investors have experienced:

  • Past 5 Sessions – Throughout the last week, SYNA has produced a change in price that amounts to 3.52%.
  • Past Month – The return from Synaptics Incorporated in the past 30 days works out to 5.46%.
  • Past Quarter – Over the last quarter, the company has generated a return on investment of 12.49%
  • Past 6 Months – In the past 6 months, we have seen a performance of -4.91% from the company.
  • YTD – Since the open of this year SYNA has generated a ROI of 16.18%.
  • Full Year – Finally, in the past year, investors have seen movement of -9.71% from SYNA. Over this period, the stock has traded at a high price of -39.31% and a low price of -0.03%.

Ratios Worth Watching

Looking at a few key ratios associated with a stock generally gives investors an understanding of just how dangerous and/or potentially profitable a pick might be. Below are a few of the key ratios to think about when looking at SYNA.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is headed for declines. In general, strong tech stocks tend to come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, with regard to Synaptics Incorporated, it’s short ratio amounts to 17.28.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay its debts when they mature with only quick assets or current assets. In the technology sector, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can look upsetting. However, some good picks in the technology space come with strong quick and current ratios. When it comes to SYNA, the quick and current ratios work out to 2.20 and 2.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. as it relates to Synaptics Incorporated, that ratio is 20.41.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In terms of SYNA, the cash to share value ratio works out to 8.20.

What Are Big Money Players Doing With Synaptics Incorporated

One thing I have come to understand so far in my brief period alive, or somewhat alive is that good investors tend to follow the moves made by big money investors. That is to say, investors that are looking to keep the risk down will watch moves made by institutions as well as insiders of the company. So, what does the big money picture look like when it comes to SYNA? Here’s what’s going on:

  • Institutions – At the moment, institutional investors hold 0 of SYNA. However, it is important to consider that the ownership held by institutions has seen a move of 0.15% over the past quarter.
  • Insider Holdings – As far as insiders go, insiders of the company currently hold 2.20% of the company. Insider ownership of the company has changed by -2.92% throughout the past quarter.

Analyst Opinions Of Synaptics Incorporated

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their opinions to validate your own opinions when it comes to making an investment decision in the technology sector. Below are|Here are} the recent moves that we have seen from analysts with regard to SYNA.

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Mar-18-19 Downgrade Mizuho Buy → Neutral $48 → $39
Feb-08-19 Reiterated Craig Hallum Buy $50 → $48
Feb-08-19 Downgrade JP Morgan Overweight → Neutral $50
Dec-07-18 Initiated Susquehanna Neutral $38
Nov-09-18 Reiterated Craig Hallum Buy $56 → $50

What We’ve Seen In Financial Results

What have ween seen from SYNA in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – At the moment, analysts have expectations that SYNA will report EPS of 4.59, with 0.86 to be announced in the report for the current quarter. Although this information isn’t associated with earnings, since we are talking on the topic of analysts, SYNA is currently graded as a 2.60 when rated on a scale from 1 to 5 on which 1 is the worst average Wall St. analyst rating and 5 is the best.
  • 5-Year Sales – In the past 5 years, Synaptics Incorporated has generated a change in sales in the amount of 19.70%. Earnings per share over the last half decade have generated a change of -23.20%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly referred to as in the world of humans, Synaptics Incorporated has generated a change in earnings that comes to a total of 134.60%. The company has also moved the needle when it comes to sales volume that amounts to -1.10%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 34.50M shares of Synaptics Incorporated outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SYNA has a float of 33.92M.

It’s also important to pay attention to the short float. Think about it, if a large portion of the float is sold short, the overall feeling among traders is that the stock is going to take a dive. In regard to SYNA, the short percentage of the float totals up to 19.83%. Most traders believe that a concerning short percent of the float is any percentage over 40%. However, I’ve calculated that a short ratio over 26% is usually a risky play.

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