Northwestern Mutual Investment Management Company LLC boosted its stake in Synaptics Incorporated (NASDAQ:SYNA) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,360 shares of the software maker’s stock after buying an additional 267 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Synaptics were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Synaptics by 23,834.7% in the 1st quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock valued at $207,921,000 after buying an additional 4,182,029 shares during the last quarter. Vanguard Group Inc. raised its position in Synaptics by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,117,448 shares of the software maker’s stock valued at $203,855,000 after buying an additional 346,309 shares during the last quarter. State Street Corp raised its position in Synaptics by 5.1% in the 1st quarter. State Street Corp now owns 1,305,079 shares of the software maker’s stock valued at $64,617,000 after buying an additional 63,141 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Synaptics by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 994,827 shares of the software maker’s stock valued at $49,254,000 after buying an additional 114,715 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in Synaptics by 1.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 910,463 shares of the software maker’s stock valued at $47,080,000 after buying an additional 15,463 shares during the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently commented on the company. KeyCorp reissued an “overweight” rating on shares of Synaptics in a research report on Thursday. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $35.00 target price on shares of Synaptics in a research report on Thursday. BMO Capital Markets decreased their target price on Synaptics from $56.00 to $46.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. BidaskClub lowered Synaptics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Synaptics in a research report on Thursday. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Synaptics has a consensus rating of “Hold” and a consensus price target of $54.09.

Shares of Synaptics Incorporated (NASDAQ SYNA) opened at 40.80 on Monday. The company has a 50-day moving average price of $42.64 and a 200 day moving average price of $50.67. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 29.78 and a beta of 1.14. Synaptics Incorporated has a one year low of $37.39 and a one year high of $69.45.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $426.50 million during the quarter, compared to analysts’ expectations of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. Synaptics’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities research analysts expect that Synaptics Incorporated will post $4.61 earnings per share for the current year.

Synaptics 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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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