Los Angeles Capital Management & Equity Research Inc. decreased its position in Synaptics Inc. (NASDAQ:SYNA) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,067 shares of the company’s stock after selling 410 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Synaptics were worth $219,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SYNA. Gerstein Fisher bought a new position in shares of Synaptics during the second quarter worth about $281,000. Airain ltd raised its position in shares of Synaptics by 30.5% in the second quarter. Airain ltd now owns 73,255 shares of the company’s stock worth $3,937,000 after buying an additional 17,137 shares during the period. GHP Investment Advisors Inc. raised its position in shares of Synaptics by 4.9% in the second quarter. GHP Investment Advisors Inc. now owns 13,275 shares of the company’s stock worth $714,000 after buying an additional 618 shares during the period. DIAM Co. Ltd. bought a new position in shares of Synaptics during the second quarter worth about $149,000. Finally, SG Americas Securities LLC raised its position in shares of Synaptics by 689.2% in the second quarter. SG Americas Securities LLC now owns 90,952 shares of the company’s stock worth $4,889,000 after buying an additional 79,427 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Synaptics Inc. (NASDAQ:SYNA) traded up 6.40% on Friday, reaching $58.58. 848,269 shares of the company’s stock were exchanged. Synaptics Inc. has a 52 week low of $47.09 and a 52 week high of $94.48. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 30.67 and a beta of 1.64. The stock’s 50 day moving average is $57.08 and its 200 day moving average is $63.34.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. The company had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $318.48 million. During the same quarter last year, the business earned $1.57 earnings per share. Synaptics’s revenue was down 32.4% on a year-over-year basis. On average, equities analysts anticipate that Synaptics Inc. will post $5.18 earnings per share for the current year.
SYNA has been the topic of several analyst reports. Zacks Investment Research lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Wednesday. Pacific Crest reissued a “hold” rating on shares of Synaptics in a report on Sunday, September 11th. Needham & Company LLC reissued a “buy” rating and issued a $65.00 price target on shares of Synaptics in a report on Friday, September 9th. TheStreet lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Craig Hallum lowered their price target on shares of Synaptics from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Hold” and a consensus target price of $76.33.
In related news, insider Ritu Favre sold 3,259 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $53.09, for a total value of $173,020.31. Following the transaction, the insider now owns 12,360 shares in the company, valued at $656,192.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rick Bergman sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $58.29, for a total value of $582,900.00. Following the completion of the transaction, the insider now owns 82,491 shares in the company, valued at approximately $4,808,400.39. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate 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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