Smith Graham & Co. Investment Advisors LP grew its position in shares of Synaptics, Incorporated (NASDAQ:SYNA) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,855 shares of the software maker’s stock after acquiring an additional 25,960 shares during the quarter. Synaptics comprises 1.0% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 21st biggest position. Smith Graham & Co. Investment Advisors LP owned about 0.78% of Synaptics worth $10,538,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Advisory Services Network LLC increased its stake in Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after acquiring an additional 75 shares during the last quarter. CS Mckee LP increased its stake in Synaptics by 0.4% during the second quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock worth $1,479,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank increased its stake in Synaptics by 2.8% during the second quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock worth $256,000 after acquiring an additional 137 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Synaptics by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,910 shares of the software maker’s stock valued at $357,000 after buying an additional 200 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Synaptics by 0.6% in the second quarter. Stifel Financial Corp now owns 32,890 shares of the software maker’s stock valued at $1,698,000 after buying an additional 209 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.
Shares of Synaptics, Incorporated (NASDAQ:SYNA) traded up $0.70 during midday trading on Monday, reaching $45.59. The company’s stock had a trading volume of 725,800 shares, compared to its average volume of 1,081,938. Synaptics, Incorporated has a 12-month low of $33.73 and a 12-month high of $64.54. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1,540.00, a price-to-earnings ratio of 94.98, a PEG ratio of 1.09 and a beta of 1.20.
Synaptics (NASDAQ:SYNA) last issued 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. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $398.68 million. During the same quarter last year, the firm earned $1.03 EPS. Synaptics’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts anticipate that Synaptics, Incorporated will post 2.8 EPS for the current year.
In other Synaptics news, insider Rick Bergman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the insider now owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Wajid Ali sold 2,918 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the transaction, the chief financial officer now directly owns 27,281 shares in the company, valued at approximately $1,138,981.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,018 shares of company stock valued at $1,206,827. 3.70% of the stock is owned by insiders.
A number of research firms have recently issued reports on SYNA. UBS Group upgraded Synaptics from an “underperform” rating to a “market perform” rating in a research note on Friday, December 8th. ValuEngine lowered Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Craig Hallum reiterated a “buy” rating and issued a $43.00 target price (down previously from $55.00) on shares of Synaptics in a research note on Wednesday, November 8th. Oppenheimer reiterated a “sell” rating and issued a $35.00 target price on shares of Synaptics in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.03.
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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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