Essex Investment Management Co. LLC Takes Position in Synaptics, Incorporated (SYNA)

Essex Investment Management Co. LLC bought a new stake in shares of Synaptics, Incorporated (NASDAQ:SYNA) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 14,620 shares of the software maker’s stock, valued at approximately $667,000.

Other large investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Synaptics during the 2nd quarter worth approximately $166,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Synaptics by 53.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock worth $197,000 after purchasing an additional 1,500 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Synaptics during the 1st quarter worth approximately $226,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Synaptics during the 2nd quarter worth approximately $252,000. Finally, BB&T Securities LLC purchased a new stake in Synaptics during the 2nd quarter worth approximately $309,000. Institutional investors and hedge funds own 98.18% of the company’s stock.

In other news, insider Rick Bergman sold 20,000 shares of Synaptics stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $48.35, for a total value of $967,000.00. Following the completion of the transaction, the insider now owns 148,960 shares in the company, valued at approximately $7,202,216. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Several research firms have issued reports on SYNA. JPMorgan Chase & Co. lifted their price objective on Synaptics from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine downgraded Synaptics from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Lake Street Capital reiterated a “hold” rating and issued a $52.00 target price on shares of Synaptics in a research report on Friday, August 10th. Finally, Rosenblatt Securities set a $55.00 target price on Synaptics and gave the stock a “hold” rating in a research report on Saturday, August 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.36.

Shares of SYNA opened at $36.88 on Friday. The company has a market capitalization of $1.35 billion, a PE ratio of 18.63, a PEG ratio of 1.31 and a beta of 0.77. The company has a quick ratio of 2.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.62. Synaptics, Incorporated has a 52 week low of $33.73 and a 52 week high of $55.25.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, August 9th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.91 by $0.09. The company had revenue of $388.50 million during the quarter, compared to analyst estimates of $391.75 million. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. Equities analysts expect that Synaptics, Incorporated will post 2.9 earnings per share for the current year.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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