Liberty Mutual Group Asset Management Inc. increased its position in Synaptics Incorporated (NASDAQ:SYNA) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,097 shares of the software maker’s stock after buying an additional 366 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Synaptics were worth $797,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in SYNA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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 valued at $277,000 after buying an additional 18 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Synaptics by 1.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,093 shares of the software maker’s stock valued at $302,000 after buying an additional 78 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Synaptics by 0.6% in the first quarter. Texas Permanent School Fund now owns 25,600 shares of the software maker’s stock valued at $1,267,000 after buying an additional 146 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Synaptics by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,266 shares of the software maker’s stock worth $607,000 after buying an additional 200 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in Synaptics by 6.5% in the first quarter. Advantus Capital Management Inc now owns 4,527 shares of the software maker’s stock worth $224,000 after buying an additional 275 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.
Shares of Synaptics Incorporated (NASDAQ SYNA) traded up 1.65% on Tuesday, hitting $54.73. The company had a trading volume of 313,857 shares. Synaptics Incorporated has a 12-month low of $47.00 and a 12-month high of $69.45. The firm has a market capitalization of $1.88 billion, a P/E ratio of 82.42 and a beta of 1.13. The firm has a 50 day moving average of $55.08 and a 200-day moving average of $53.98.
Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, April 27th. The software maker reported $0.81 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $442.20 million for the quarter, compared to the consensus estimate of $430.19 million. During the same quarter in the previous year, the company posted $1.21 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Synaptics Incorporated will post $4.86 EPS for the current year.
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A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and set a $45.00 target price (down previously from $48.00) on shares of Synaptics in a research report on Monday, July 17th. Vetr downgraded shares of Synaptics from a “hold” rating to a “sell” rating and set a $57.50 target price for the company. in a research report on Wednesday, June 7th. BMO Capital Markets restated a “hold” rating and issued a $56.00 price target on shares of Synaptics in a report on Thursday, July 20th. Finally, Craig Hallum reduced their target price on Synaptics from $65.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.61.
In other Synaptics news, CEO Rick Bergman sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $55.03, for a total value of $1,100,600.00. Following the sale, the chief executive officer now owns 115,488 shares in the company, valued at $6,355,304.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were 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 owns 16,166 shares in the company, valued at approximately $904,002.72. The disclosure for this sale can be found here. Insiders have sold 39,930 shares of company stock worth $2,212,446 in the last quarter. 3.60% of the stock is currently owned by corporate 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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