Synaptics Incorporated (SYNA) Position Raised by Disciplined Growth Investors Inc. MN
Disciplined Growth Investors Inc. MN lifted its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 0.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,011,592 shares of the software maker’s stock after buying an additional 313 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 2.92% of Synaptics worth $52,309,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in shares of Synaptics by 16.0% during the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock valued at $261,064,000 after buying an additional 697,328 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Synaptics by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,228,015 shares of the software maker’s stock valued at $218,630,000 after buying an additional 110,567 shares during the last quarter. BlackRock Inc. boosted its position in shares of Synaptics by 23,834.7% during the first 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. State Street Corp boosted its position in shares of Synaptics by 0.6% during the second quarter. State Street Corp now owns 1,313,469 shares of the software maker’s stock valued at $67,921,000 after buying an additional 8,390 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Synaptics by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,088,970 shares of the software maker’s stock valued at $56,312,000 after buying an additional 94,143 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.
Synaptics Incorporated (SYNA) traded down 0.093% on Friday, hitting $37.685. The stock had a trading volume of 227,640 shares. The company has a 50 day moving average price of $39.35 and a 200-day moving average price of $49.04. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 27.507 and a beta of 1.20. Synaptics Incorporated has a 52-week low of $36.36 and a 52-week high of $69.45.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $426.49 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that Synaptics Incorporated will post $4.48 earnings per share for the current year.
Several equities research analysts recently commented on the company. Cowen and Company set a $60.00 price objective on Synaptics and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets dropped their price objective on Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. BidaskClub cut Synaptics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. dropped their price objective on Synaptics from $45.00 to $35.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective (down from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.16.
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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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