Stevens Capital Management LP increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 511.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,214 shares of the software maker’s stock after buying an additional 41,165 shares during the quarter. Stevens Capital Management LP owned about 0.15% of Synaptics worth $1,928,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SYNA. Highlander Capital Management LLC acquired a new position in Synaptics in the 2nd quarter worth approximately $104,000. Victory Capital Management Inc. acquired a new position in Synaptics in the 3rd quarter worth approximately $120,000. Riverhead Capital Management LLC increased its holdings in Synaptics by 95.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after buying an additional 1,330 shares during the period. LS Investment Advisors LLC increased its holdings in Synaptics by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Synaptics by 51.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock worth $145,000 after buying an additional 948 shares during the period. Institutional investors own 97.74% of the company’s stock.
A number of brokerages have recently commented on SYNA. BidaskClub cut shares of Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $35.00 price objective on shares of Synaptics in a research note on Thursday, September 14th. BMO Capital Markets dropped their price objective on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, August 4th. Rosenblatt Securities cut shares of 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Synaptics in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Hold” and a consensus price target of $48.03.
Synaptics Incorporated (SYNA) opened at $40.27 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.35 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1,370.43, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Synaptics Incorporated has a fifty-two week low of $33.73 and a fifty-two week high of $64.54.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.46. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. equities research analysts forecast that Synaptics Incorporated will post 2.8 earnings per share for the current fiscal year.
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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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