Winslow Evans & Crocker Inc. cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 14.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,385 shares of the software maker’s stock after selling 585 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Synaptics were worth $175,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. West Coast Financial LLC boosted its stake in shares of Synaptics by 37.3% in the first quarter. West Coast Financial LLC now owns 87,304 shares of the software maker’s stock worth $4,322,000 after buying an additional 23,739 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Synaptics by 8.1% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 171,415 shares of the software maker’s stock worth $8,487,000 after buying an additional 12,880 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Synaptics by 3.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the software maker’s stock worth $441,000 after buying an additional 300 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Synaptics during the first quarter worth $787,000. Finally, Edge Wealth Management LLC boosted its stake in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares during the period. 93.01% of the stock is owned by institutional investors.
Synaptics Incorporated (NASDAQ:SYNA) traded up 1.56% on Friday, reaching $40.90. 1,527,853 shares of the company were exchanged. The stock has a 50 day moving average of $51.80 and a 200 day moving average of $53.47. Synaptics Incorporated has a 12-month low of $39.89 and a 12-month high of $69.45. The firm has a market capitalization of $1.42 billion, a PE ratio of 29.85 and a beta of 1.13.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Equities analysts anticipate that Synaptics Incorporated will post $4.60 EPS for the current year.
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SYNA has been the topic of a number of recent analyst reports. Vetr upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 price objective on the stock in a research note on Wednesday, May 17th. Zacks Investment Research lowered shares of Synaptics from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Craig Hallum decreased their target price on shares of Synaptics from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, April 28th. BidaskClub upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Needham & Company LLC upped their target price on shares of Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.43.
In other news, insider Rick Bergman sold 10,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total value of $556,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total value of $524,250.00. Following the transaction, the director now directly owns 16,166 shares in the company, valued at $904,002.72. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
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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