Synaptics Incorporated (SYNA) Stock: Here’s Why It’s Down

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Synaptics Incorporated (SYNA) is making a move down in the market in today’s trading session. The company, one that is focused on the technology sector, is currently priced at $33.46 after tumbling -22.60% so far today. When it comes to technology companies, there are several aspects that have the potential to lead to movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines centered around SYNA:

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Mar-18-19 04:34PM Marriott, MSG Networks rise; Overstock, Synaptics fall
04:31PM Why Synaptics, NII Holdings, and FutureFuel Slumped Today
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

However, when making a decision with regard to investing, prospective investors should take a look at far more than just news, this is especially the case in the ever changing tech sector. Here’s what’s happing when it comes to Synaptics Incorporated.

The Performance That SYNA Investors Have Experienced

While a move toward the top in a single session, like the fall that we’re seeing from Synaptics Incorporated may make some investors fearful, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends experienced by the stock further out than a single session. In the case of SYNA, below are the returns on investment that investors have experienced:

  • Past Seven Days – In the last five trading sessions, SYNA has seen a price change that amounts to -22.11%.
  • Past Month – The return from Synaptics Incorporated throughout the past 30 days has been -19.35%.
  • Quarterly – Throughout the last three months, the company has generated a return on investment that works out to -12.04%
  • Bi-Annually – Throughout the past six months, we’ve seen a change that equates to -26.45% from the company.
  • This Year So Far – Since the open of this year SYNA has resulted in a return on investment of -10.08%.
  • Full Year – Finally, in the last year, we’ve seen movement in the amount of -30.23% from SYNA. Over this period, the stock has sold at a high price of -39.44% and a low price of -0.24%.

Notable Ratios

Digging into various key ratios having to do with a stock can give investors an understanding of how risky and/or rewarding a an investment option might be. Below are a few of the key ratios to consider when digging into SYNA.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the value of the stock is going to go down. Across the sector, strong tech stocks tend to have a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to Synaptics Incorporated, it’s short ratio comes to 13.90.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature based on quick assets or current assets. Because in tech, several companies rely heavily on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. However, several better companies in the technology space do have positive current and quick ratios. In terms of SYNA, the quick and current ratios total up to 2.20 and 2.60 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this particular case, that ratio comes in at 20.41.

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

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in SYNA, here’s what we’re seeing:

Institutions own 0 of the company. Institutional interest has moved by 0.15% over the past three months. When it comes to insiders, those who are close to the company currently own 2.20% percent of SYNA shares. Institutions have seen ownership changes of an accumulative -2.92% over the last three months.

How Analysts Feel About Synaptics Incorporated

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions to validate your own opinions before making an investment decision in the technology space. Below 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

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $4.59. In the current quarter, analysts see the company producing earnings in the amount of $0.86. Over the last 5 years, SYNA has generated revenue in the amount of $19.70% with earnings coming in at -23.20%. On a quarter over quarter basis, earnings have seen movement of 134.60% and revenue has seen movement of -1.10%.

Interested In How Many Shares Are Available?

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.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SYNA, the short percent of the float is 19.83%.

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