UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 7,383 Shares of Synaptics Incorporated $SYNA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,332 shares of the software maker’s stock after acquiring an additional 7,383 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Synaptics worth $9,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in shares of Synaptics in the 2nd quarter worth approximately $25,000. CIBC Private Wealth Group LLC boosted its stake in shares of Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Allworth Financial LP purchased a new position in Synaptics during the second quarter valued at approximately $33,000. Leonteq Securities AG bought a new position in Synaptics in the fourth quarter worth approximately $43,000. Finally, Lazard Asset Management LLC bought a new position in Synaptics in the second quarter worth approximately $54,000. 99.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synaptics

In other news, insider Lisa Bodensteiner sold 6,056 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $103.62, for a total transaction of $627,522.72. Following the sale, the insider owned 78,634 shares in the company, valued at approximately $8,148,055.08. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Esther Song sold 437 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $103.68, for a total transaction of $45,308.16. Following the transaction, the insider owned 14,683 shares in the company, valued at approximately $1,522,333.44. This trade represents a 2.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 15,867 shares of company stock worth $1,624,996. 0.50% of the stock is owned by insiders.

Synaptics Stock Performance

Shares of SYNA stock opened at $98.99 on Monday. The business’s fifty day simple moving average is $109.74 and its 200-day simple moving average is $104.04. The company has a market cap of $3.87 billion, a PE ratio of -7.83 and a beta of 1.94. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.21 by $0.02. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $305.32 million. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts expect that Synaptics Incorporated will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SYNA has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Rosenblatt Securities decreased their price objective on Synaptics from $160.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Zacks Research raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Barclays reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. Finally, Susquehanna decreased their price target on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $123.91.

About Synaptics

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.