Isthmus Partners LLC raised its stake in Synaptics, Incorporated (NASDAQ:SYNA) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,568 shares of the software maker’s stock after purchasing an additional 3,125 shares during the quarter. Isthmus Partners LLC owned about 0.07% of Synaptics worth $914,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SYNA. TRUE Private Wealth Advisors purchased a new position in shares of Synaptics in the 3rd quarter valued at $103,000. BlueMountain Capital Management LLC purchased a new stake in Synaptics during the 3rd quarter worth $104,000. Truvestments Capital LLC purchased a new stake in Synaptics during the 3rd quarter worth $156,000. PNC Financial Services Group Inc. increased its stake in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock worth $157,000 after buying an additional 1,566 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Synaptics during the 4th quarter worth $151,000. Institutional investors own 98.75% of the company’s stock.
SYNA has been the topic of several analyst reports. TheStreet downgraded shares of Synaptics from a “c-” rating to a “d+” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine downgraded shares of Synaptics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. BidaskClub raised shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Sunday, January 13th. Finally, Susquehanna Bancshares initiated coverage on shares of Synaptics in a research note on Friday, December 7th. They set a “neutral” rating and a $38.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.82.
Shares of SYNA stock opened at $41.78 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 2.80 and a beta of 0.94. The company has a quick ratio of 1.93, a current ratio of 2.42 and a debt-to-equity ratio of 0.64. Synaptics, Incorporated has a 1-year low of $33.54 and a 1-year high of $55.25.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, February 7th. The software maker reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.62. The company had revenue of $425.50 million during the quarter, compared to analyst estimates of $421.54 million. Synaptics had a net margin of 0.09% and a return on equity of 15.34%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. Equities analysts forecast that Synaptics, Incorporated will post 2.92 earnings per share for the current fiscal year.
In other Synaptics news, insider Kevin D. Barber sold 12,865 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $34.69, for a total transaction of $446,286.85. Following the completion of the transaction, the insider now directly owns 14,001 shares of the company’s stock, valued at approximately $485,694.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.
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Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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