Virtu Financial LLC Acquires New Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Virtu Financial LLC bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,809 shares of the software maker’s stock, valued at approximately $549,000.

Several other large investors have also recently bought and sold shares of SYNA. Headinvest LLC acquired a new position in Synaptics during the 3rd quarter valued at about $40,000. Covestor Ltd grew its stake in shares of Synaptics by 180.3% in the 3rd quarter. Covestor Ltd now owns 639 shares of the software maker’s stock worth $57,000 after purchasing an additional 411 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Synaptics by 37.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,336 shares of the software maker’s stock worth $119,000 after purchasing an additional 364 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Synaptics in the 3rd quarter worth approximately $133,000. Finally, Holderness Investments Co. acquired a new position in shares of Synaptics in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Price Performance

NASDAQ SYNA opened at $92.05 on Tuesday. The company has a quick ratio of 4.78, a current ratio of 5.32 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $3.64 billion, a PE ratio of -33.97 and a beta of 1.49. The company has a 50 day moving average price of $90.56 and a two-hundred day moving average price of $100.45. Synaptics Incorporated has a 12-month low of $73.38 and a 12-month high of $121.37.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $235.17 million. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The company’s revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. As a group, equities analysts predict that Synaptics Incorporated will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SYNA. Needham & Company LLC lowered their price objective on shares of Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. KeyCorp dropped their target price on shares of Synaptics from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. TD Cowen dropped their target price on shares of Synaptics from $135.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Wells Fargo & Company decreased their price target on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and a consensus target price of $117.67.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.