United Services Automobile Association Has $7,823,000 Stake in Synaptics, Incorporated (SYNA)

United Services Automobile Association held its position in Synaptics, Incorporated (NASDAQ:SYNA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,000 shares of the software maker’s stock at the end of the first quarter. United Services Automobile Association’s holdings in Synaptics, were worth $7,823,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its position in Synaptics, by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock valued at $103,000 after buying an additional 976 shares during the period. Edge Wealth Management LLC boosted 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 valued at $110,000 after buying an additional 2,075 shares during the period. Envestnet Asset Management Inc. boosted its position in Synaptics, by 47.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,295 shares of the software maker’s stock valued at $165,000 after buying an additional 1,063 shares during the period. Iberiabank Corp acquired a new position in Synaptics, during the fourth quarter valued at $233,000. Finally, Advisory Services Network LLC acquired a new position in Synaptics, during the first quarter valued at $220,000. 92.09% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Synaptics, (NASDAQ:SYNA)

Shares of Synaptics, Incorporated (NASDAQ:SYNA) traded up 0.81% during midday trading on Tuesday, hitting $58.27. The stock had a trading volume of 365,830 shares. The firm’s 50-day moving average is $54.62 and its 200 day moving average is $53.93. The company has a market capitalization of $2.00 billion, a PE ratio of 87.76 and a beta of 1.24. Synaptics, Incorporated has a one year low of $47.00 and a one year high of $69.45.

Synaptics, (NASDAQ:SYNA) last announced 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. The business had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $430.19 million. Synaptics, had a net margin of 2.54% and a return on equity of 14.02%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities analysts expect that Synaptics, Incorporated will post $4.90 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on the company. Vetr raised Synaptics, from a “hold” rating to a “buy” rating and set a $57.50 target price on the stock in a research note on Monday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price (down previously from $90.00) on shares of Synaptics, in a research note on Saturday, April 29th. Oppenheimer Holdings Inc. reaffirmed an “underperform” rating and set a $45.00 target price on shares of Synaptics, in a research note on Friday, April 21st. Zacks Investment Research cut Synaptics, from a “buy” rating to a “hold” rating in a research note on Thursday, March 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $56.00 target price on shares of Synaptics, in a research note on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Synaptics, presently has a consensus rating of “Hold” and an average target price of $59.43.

In related news, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $55.92, for a total transaction of $524,250.00. Following the transaction, the director now directly owns 16,166 shares in the company, valued at approximately $904,002.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $55.03, for a total transaction of $1,100,600.00. Following the transaction, the chief executive officer now owns 115,488 shares in the company, valued at $6,355,304.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,930 shares of company stock worth $2,212,446 over the last quarter. 3.60% of the stock is currently 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SYNA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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