Synaptics Incorporated (SYNA) Holdings Decreased by Lingohr & Partner Asset Management GmbH
Lingohr & Partner Asset Management GmbH decreased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,178 shares of the software maker’s stock after selling 100 shares during the quarter. Lingohr & Partner Asset Management GmbH owned about 0.08% of Synaptics worth $1,395,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of Synaptics by 51.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock worth $145,000 after purchasing an additional 948 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Synaptics during the 2nd quarter worth approximately $416,000. Amalgamated Bank increased its position in shares of Synaptics by 2.8% during the 2nd quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock worth $256,000 after purchasing an additional 137 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Synaptics by 16.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock worth $261,064,000 after purchasing an additional 697,328 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Synaptics by 95.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after purchasing an additional 1,330 shares during the last quarter. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on SYNA. Pacific Crest reaffirmed an “equal weight” rating on shares of Synaptics in a research report on Tuesday, June 20th. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price (down from $65.00) on shares of Synaptics in a report on Friday, August 4th. CIBC reissued an “underperform” rating and set a $35.00 target price (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. BidaskClub lowered Synaptics from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “buy” rating and decreased their target price for the stock from $62.00 to $55.00 in a report on Friday, August 4th. Seven research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Synaptics currently has an average rating of “Hold” and a consensus price target of $54.09.
Synaptics Incorporated (SYNA) traded up 0.49% during mid-day trading on Friday, reaching $40.80. The company had a trading volume of 1,022,927 shares. The stock has a 50-day moving average of $42.64 and a 200 day moving average of $50.67. Synaptics Incorporated has a 12-month low of $37.39 and a 12-month high of $69.45. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 29.78 and a beta of 1.14.
Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts expect that Synaptics Incorporated will post $4.61 EPS for the current year.
Synaptics Company Profile
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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