Bank of Montreal Can grew its stake in Synaptics, Incorporated (NASDAQ:SYNA) by 385.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 67,633 shares of the software maker’s stock after buying an additional 53,705 shares during the period. Bank of Montreal Can’s holdings in Synaptics were worth $2,701,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tiedemann Wealth Management LLC lifted its stake in shares of Synaptics by 17.9% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock valued at $103,000 after purchasing an additional 2,485 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Synaptics in the 3rd quarter valued at $120,000. PNC Financial Services Group Inc. lifted its stake in shares of Synaptics by 51.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after purchasing an additional 948 shares during the period. Verition Fund Management LLC acquired a new position in shares of Synaptics in the 2nd quarter valued at $203,000. Finally, Advisory Services Network LLC lifted its stake in shares of Synaptics by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after purchasing an additional 75 shares during the period. 97.74% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on SYNA shares. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. JPMorgan Chase & Co. set a $53.00 price objective on Synaptics and gave the stock a “buy” rating in a research note on Thursday, October 26th. Rosenblatt Securities downgraded Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Friday, November 3rd. Stifel Nicolaus dropped their price objective on Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Oppenheimer reaffirmed a “sell” rating and set a $35.00 price objective on shares of Synaptics in a research note on Wednesday, November 8th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Synaptics has an average rating of “Hold” and a consensus target price of $47.63.

Shares of Synaptics, Incorporated (NASDAQ SYNA) opened at $44.05 on Friday. The company has a market capitalization of $1,490.00, a price-to-earnings ratio of -17.14, a P/E/G ratio of 0.98 and a beta of 1.12. Synaptics, Incorporated has a 12 month low of $33.73 and a 12 month high of $64.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.35.

Synaptics (NASDAQ:SYNA) last released its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $430.59 million. Synaptics had a positive return on equity of 13.49% and a negative net margin of 5.04%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. analysts expect that Synaptics, Incorporated will post 2.8 earnings per share for the current fiscal year.

In other Synaptics news, CEO Rick Bergman sold 20,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 22,100 shares of company stock valued at $1,085,000. Corporate insiders own 3.70% of the company’s stock.

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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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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