Graham Capital Management L.P. Takes $203,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

Graham Capital Management L.P. acquired a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,664 shares of the software maker’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYNA. Brown Brothers Harriman & Co. purchased a new position in shares of Synaptics during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new position in Synaptics during the fourth quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Synaptics during the fourth quarter worth about $72,000. Sterling Capital Management LLC boosted its holdings in Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker’s stock valued at $88,000 after purchasing an additional 1,031 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after buying an additional 837 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Price Performance

SYNA stock opened at $65.25 on Monday. The business’s fifty day moving average price is $57.39 and its 200 day moving average price is $69.56. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a market capitalization of $2.52 billion, a PE ratio of 15.43 and a beta of 1.67. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. The business had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SYNA. Needham & Company LLC started coverage on shares of Synaptics in a research report on Friday, May 9th. They set a “buy” rating and a $80.00 price target on the stock. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Susquehanna increased their price target on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Finally, Mizuho decreased their target price on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Synaptics currently has an average rating of “Buy” and an average target price of $93.75.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.