Synaptics Incorporated (NASDAQ:SYNA) Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 26.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673 shares of the software maker’s stock after acquiring an additional 139 shares during the quarter. Cwm LLC’s holdings in Synaptics were worth $66,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Synaptics by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker’s stock valued at $419,691,000 after purchasing an additional 72,044 shares during the period. UBS Group AG raised its position in Synaptics by 26.8% during the 4th quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock worth $12,031,000 after buying an additional 22,308 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Synaptics by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker’s stock worth $118,885,000 after acquiring an additional 39,352 shares during the period. Willner & Heller LLC purchased a new stake in shares of Synaptics in the fourth quarter valued at about $807,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Synaptics by 34.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker’s stock worth $44,520,000 after acquiring an additional 100,150 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

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

Synaptics Stock Performance

Shares of SYNA opened at $87.59 on Tuesday. Synaptics Incorporated has a 12-month low of $73.38 and a 12-month high of $121.37. The stock has a market cap of $3.46 billion, a P/E ratio of -32.32 and a beta of 1.48. The company has a current ratio of 5.32, a quick ratio of 4.78 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $90.29 and a two-hundred day moving average of $100.08.

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 for the quarter, compared to analyst estimates of $235.17 million. Synaptics had a negative return on equity of 0.90% and a negative net margin of 11.30%. Synaptics’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. As a group, research analysts predict that Synaptics Incorporated will post -0.36 EPS for the current fiscal year.

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.