OppenheimerFunds Inc. raised its position in Synaptics Incorporated (NASDAQ:SYNA) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,515 shares of the software maker’s stock after buying an additional 2,703 shares during the period. OppenheimerFunds Inc. owned about 1.48% of Synaptics worth $25,177,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SYNA. TrimTabs Asset Management LLC increased 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 last quarter. Edge Wealth Management LLC increased its stake in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Synaptics by 47.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,295 shares of the software maker’s stock worth $165,000 after buying an additional 1,063 shares in the last quarter. Iberiabank Corp bought a new stake in shares of Synaptics during the fourth quarter worth about $233,000. Finally, Advisory Services Network LLC bought a new stake in shares of Synaptics during the first quarter worth about $220,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.
Synaptics Incorporated (NASDAQ:SYNA) traded up 1.21% during trading on Tuesday, reaching $55.01. 367,207 shares of the company were exchanged. The company’s 50-day moving average price is $56.03 and its 200-day moving average price is $54.13. The stock has a market capitalization of $1.89 billion, a P/E ratio of 82.85 and a beta of 1.13. Synaptics Incorporated has a 1-year low of $47.00 and a 1-year high of $69.45.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, April 27th. The software maker reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.04. The company had revenue of $442.20 million for the quarter, compared to analyst estimates of $430.19 million. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. On average, equities analysts forecast that Synaptics Incorporated will post $4.87 EPS for the current year.
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A number of research analysts have recently commented on SYNA shares. Vetr upgraded Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price target for the company in a research note on Wednesday, May 17th. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Cowen and Company restated an “outperform” rating and issued a $75.00 target price on shares of Synaptics in a research note on Wednesday, March 22nd. Craig Hallum dropped their price target on shares of Synaptics from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Finally, Needham & Company LLC lifted their target price on shares of Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Synaptics presently has an average rating of “Hold” and an average target price of $59.43.
In other Synaptics news, VP Wajid Ali sold 555 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total transaction of $31,496.25. Following the completion of the transaction, the vice president now owns 15,900 shares of the company’s stock, valued at $902,325. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rick Bergman sold 10,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total transaction of $556,100.00. The disclosure for this sale can be found here. Insiders have sold 39,930 shares of company stock valued at $2,212,446 over the last 90 days. 3.60% of the stock is currently owned by company insiders.
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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