Capital Fund Management S.A. purchased a new position in Synaptics Inc. (NASDAQ:SYNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 244,747 shares of the company’s stock, valued at approximately $13,155,000.
Several other institutional investors have also recently bought and sold shares of SYNA. LS Investment Advisors LLC increased its position in Synaptics by 70.4% in the second quarter. LS Investment Advisors LLC now owns 2,178 shares of the company’s stock worth $117,000 after buying an additional 900 shares during the last quarter. Bancorpsouth Inc. purchased a new position in Synaptics during the first quarter worth about $209,000. Algert Global LLC purchased a new position in Synaptics during the first quarter worth about $262,000. Wealthsource Partners LLC purchased a new position in Synaptics during the first quarter worth about $268,000. Finally, BlackRock Japan Co. Ltd increased its position in Synaptics by 990.2% in the first quarter. BlackRock Japan Co. Ltd now owns 4,023 shares of the company’s stock worth $321,000 after buying an additional 3,654 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Synaptics Inc. (NASDAQ:SYNA) traded up 0.91% on Wednesday, hitting $58.68. The stock had a trading volume of 379,526 shares. The firm has a market cap of $2.04 billion, a PE ratio of 30.72 and a beta of 1.64. Synaptics Inc. has a 52-week low of $47.09 and a 52-week high of $94.48. The firm’s 50-day moving average price is $56.92 and its 200 day moving average price is $63.61.
Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $318.48 million. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. The business’s quarterly revenue was down 32.4% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. On average, equities research analysts predict that Synaptics Inc. will post $5.18 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Mizuho reaffirmed a “hold” rating on shares of Synaptics in a research report on Saturday, June 18th. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Saturday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price objective (down previously from $88.00) on shares of Synaptics in a research report on Friday, July 29th. TheStreet downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Synaptics in a research report on Friday, June 17th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Synaptics has an average rating of “Hold” and an average target price of $76.33.
In other Synaptics news, SVP John Mcfarland sold 2,778 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $60.00, for a total value of $166,680.00. Following the transaction, the senior vice president now directly owns 10,226 shares of the company’s stock, valued at $613,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ritu Favre sold 3,259 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.09, for a total value of $173,020.31. Following the completion of the transaction, the insider now directly owns 12,360 shares in the company, valued at $656,192.40. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.
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