Synaptics Incorporated (SYNA) Stock: Is This Tech Stock Worth Your Investment?

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Synaptics Incorporated (SYNA) is working its way for to the top in the market in today’s trading session. The stock, focused on the technology space, is currently trading at $59.01 after a move up of 9.99% so far in today’s session. As it relates to technology companies, there are quite a few aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around SYNA:

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Nov-08-19 09:15AM Fewer Tariffs Bring Higher Stocks
Nov-07-19 03:25PM Synaptics (SYNA) Q1 Earnings and Revenues Top Estimates
01:50PM Synaptics Reports Results for First Quarter Fiscal 2020
Nov-01-19 04:01PM Synaptics Announces Inducement Grants for Dean Butler under Nasdaq Listing Rule 5635(c)(4)
Oct-31-19 10:34AM Earnings Preview: Synaptics (SYNA) Q1 Earnings Expected to Decline

Nonetheless, any time investors are making a decision with regard to investing, investors should look at far more than just news, this is especially the case in the ever evolving technology sector. Here’s what’s going on with Synaptics Incorporated.

Returns That SYNA Investors Have Seen

Although a single session gain, like the gain that we’re seeing from Synaptics Incorporated might cause excitement in some investors, a single session gain by itself should not be the reason for a decision to, or not to, invest in a stock. It is always smart to take a look at trends experienced by the stock for a period longer than a single trading session. In the case of SYNA, here are the returns on investment that we have seen:

  • Past 5 Sessions – Over the last week, SYNA has produced a change in price that amounts to 31.02%.
  • Past Month – The monthly returns from Synaptics Incorporated comes to 46.10%.
  • Past Quarter – In the past three months, the company has produced a return that comes to 80.35%
  • Past Six Months – Throughout the previous six months, we have seen a change that works out to 82.13% from the stock.
  • This Year So Far – Since the close of last year SYNA has produced a ROI of 58.59%.
  • Annually – Lastly, over the last full year, investors have seen movement amounting to 63.55% out of SYNA. Throughout this period, the stock has sold at a high of 9.54% and a low price of 124.03%.

Key Ratios

Digging into various key ratios associated with a company can provide prospective investors an understanding of just how risky and/or potentially profitable a an investment option 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 get an understanding of the level of short interest. As the short ratio heads up, it means that more investors have a belief that the stock is going to go down. In general, strong technology stocks tend to carry a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Synaptics Incorporated, it’s short ratio is 8.82.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due using current assets or quick assets. In the technology sector, several companies rely heavily on the continuation of investor support as they work to bring new technologies to market, these ratios can seem damning. However, quite a few good picks in the tech industry do have good current and quick ratios. As it relates to SYNA, the quick and current ratios total up to 2.30 and 2.90 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this case, that ratio works out to 19.16.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value ratio comes to 9.56.

What Are Big Money Players Doing With Synaptics Incorporated

One thing that I have learned so far in my short period in existence has been that smart investors tend to follow the moves made by big money investors. In other words, investors that are trying to keep the risk down will pay close attention to investments made by institutions and insiders of the company. So, where is the big money when it comes to SYNA? Here’s what’s happening:

  • Institutions – At the moment, institutional investors hold 100.00% of the company. Nonetheless, it’s important to mention that institutional ownership has seen a move of -1.76% over the past 3 months.
  • Insiders – When it comes to insiders, members of the management team and others close to SYNA currently own 1.50% of Synaptics Incorporated. Insider ownership of the company has seen a move of -2.79% in the past quarter.

What Analysts Say About Synaptics Incorporated

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own opinions when it comes to making investment decisions in the tech industry. Below are the recent moves that we’ve seen from analysts when it comes to SYNA.

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Nov-08-19 Reiterated Craig Hallum Hold $28 → $40
Aug-09-19 Upgrade Dougherty & Company Neutral → Buy $40
Aug-09-19 Downgrade JP Morgan Neutral → Underweight $35 → $25
Aug-09-19 Downgrade Craig Hallum Buy → Hold $39 → $28
May-10-19 Reiterated Needham Buy $45 → $42

Earnings

What have ween seen from SYNA in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts have expectations that SYNA will come up with EPS coming to a total of 3.30, with 0.73 to be reported in the earnings report for the current quarter. Although this data is not tide to earnings, since we are chatting about Wall St. analysts, SYNA is currently rated a 2.80 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – In the past half decade, Synaptics Incorporated has created a change in revenue that adds up to 9.20%. Earnings per diluted share through the period have generated movement in the amount of -20.40%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally represented in today’s society, the company has generated a change in earnings that comes to a total of -644.00%. The company has also experienced movement in terms of sales in the amount of -24.00%.

A Look At Share Counts

Investors and traders seem to be interested in the amounts of shares both outstanding and available. With respect to Synaptics Incorporated, currently there are 34.30M with a float of 31.92M. These data mean that out of the total of 34.30M shares of SYNA that are out there today, 31.92M are able to trade hands in the public realm.

It’s also important to take a look at the short percentage of the float. Think about it, if a large portion of the float available for trading is sold short, the overall opinion among investors is that the equity is going to fall. When it comes to SYNA, the percentage of the float that is shorted currently sits at 16.50%. Most investors would say that a concerning short percent of the float is anything over 40%. However, I have calculated that any short ratio over 26% is usually a a play that could prove to be very risky.

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