Highlander Capital Management LLC bought a new stake in Synaptics Incorporated (NASDAQ:SYNA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the software maker’s stock, valued at approximately $104,000.
A number of other large investors have also recently added to or reduced their stakes in SYNA. First Trust Advisors LP lifted its holdings in Synaptics by 55.6% in the 1st quarter. First Trust Advisors LP now owns 36,290 shares of the software maker’s stock valued at $1,797,000 after purchasing an additional 12,968 shares in the last quarter. Comerica Bank lifted its holdings in shares of Synaptics by 5.1% during the 1st quarter. Comerica Bank now owns 27,352 shares of the software maker’s stock worth $1,446,000 after acquiring an additional 1,337 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Synaptics by 54.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,084 shares of the software maker’s stock worth $1,192,000 after acquiring an additional 8,449 shares during the period. Karp Capital Management Corp purchased a new position in shares of Synaptics during the 1st quarter worth about $344,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Synaptics by 37.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 29,646 shares of the software maker’s stock worth $1,468,000 after acquiring an additional 8,115 shares during the period. Institutional investors own 97.74% of the company’s stock.
Synaptics Incorporated (NASDAQ SYNA) traded down 0.08% during mid-day trading on Wednesday, reaching $36.94. 143,548 shares of the company were exchanged. The company has a market cap of $1.25 billion, a P/E ratio of 26.96 and a beta of 1.20. Synaptics Incorporated has a 12 month low of $36.64 and a 12 month high of $69.45. The stock’s 50-day moving average is $39.50 and its 200-day moving average is $49.21.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Equities analysts expect that Synaptics Incorporated will post $4.48 earnings per share for the current year.
Several brokerages have recently weighed in on SYNA. BidaskClub lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $45.00 price objective (down from $48.00) on shares of Synaptics in a report on Monday, July 17th. BMO Capital Markets reiterated a “hold” rating and set a $56.00 price objective on shares of Synaptics in a report on Thursday, July 20th. CIBC reiterated an “underperform” rating and set a $35.00 price objective (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Finally, KeyCorp reiterated an “overweight” rating on shares of Synaptics in a report on Thursday, September 14th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.09.
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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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