Nationwide Fund Advisors boosted its position in Synaptics Incorporated (NASDAQ:SYNA) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,549 shares of the software maker’s stock after buying an additional 77 shares during the period. Nationwide Fund Advisors owned about 0.22% of Synaptics worth $3,938,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SYNA. Edge Wealth Management LLC increased its position in Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares in the last quarter. Iberiabank Corp purchased a new position in Synaptics during the fourth quarter worth about $233,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Synaptics by 7.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,387 shares of the software maker’s stock worth $257,000 after buying an additional 320 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Synaptics by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,167 shares of the software maker’s stock worth $277,000 after buying an additional 18 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Synaptics by 8.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,930 shares of the software maker’s stock worth $318,000 after buying an additional 480 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.
Synaptics Incorporated (NASDAQ SYNA) traded down 1.15% on Friday, hitting $52.28. 1,090,610 shares of the company traded hands. The firm has a market capitalization of $1.79 billion, a PE ratio of 78.73 and a beta of 1.13. Synaptics Incorporated has a 1-year low of $47.00 and a 1-year high of $69.45. The firm’s 50 day moving average price is $56.05 and its 200 day moving average price is $54.11.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, April 27th. The software maker reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.04. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The business had revenue of $442.20 million during the quarter, compared to analysts’ expectations of $430.19 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that Synaptics Incorporated will post $4.87 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the stock. Vetr raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price objective on the stock in a report on Wednesday, May 17th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target (down from $90.00) on shares of Synaptics in a report on Saturday, April 29th. Needham & Company LLC boosted their price target on shares of Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and issued a $45.00 price target on shares of Synaptics in a report on Friday, April 21st. Finally, Northland Securities raised shares of Synaptics from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Thursday, March 16th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics presently has a consensus rating of “Hold” and a consensus target price of $59.43.
In other Synaptics news, VP Wajid Ali sold 555 shares of Synaptics stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $56.75, for a total value of $31,496.25. Following the sale, the vice president now owns 15,900 shares of the company’s stock, valued at approximately $902,325. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of Synaptics stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the sale, the director now directly owns 16,166 shares in the company, valued at approximately $904,002.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,930 shares of company stock worth $2,212,446. 3.60% of the stock is owned by insiders.
Synaptics Company Profile
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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