21,806 Shares in Synaptics Incorporated (NASDAQ:SYNA) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,806 shares of the software maker’s stock, valued at approximately $1,923,000. Intech Investment Management LLC owned approximately 0.06% of Synaptics at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Synaptics during the fourth quarter worth about $40,261,000. UBS Group AG grew its holdings in shares of Synaptics by 26.8% in the fourth quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock valued at $12,031,000 after acquiring an additional 22,308 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Synaptics during the fourth quarter valued at approximately $549,000. Goldman Sachs Group Inc. lifted its holdings in 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. Finally, Wellington Management Group LLP boosted its position in Synaptics by 3.4% in the fourth quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock worth $156,718,000 after purchasing an additional 44,548 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 1,870 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $80.00, for a total value of $149,600.00. Following the transaction, the insider now owns 46,797 shares of the company’s stock, valued at $3,743,760. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 3,135 shares of company stock valued at $252,381 in the last three months. Company insiders own 1.20% of the company’s stock.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $73.36 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The stock has a market cap of $2.90 billion, a PE ratio of -27.07 and a beta of 1.47. The stock has a fifty day moving average of $78.92 and a 200-day moving average of $87.39.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The firm had revenue of $247.40 million for the quarter, compared to analysts’ expectations of $245.17 million. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. Equities research analysts anticipate that Synaptics Incorporated will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SYNA shares. TD Cowen lowered their target price on Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC dropped their target price on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. decreased their price target on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Craig Hallum dropped their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, KeyCorp decreased their target price on Synaptics from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Synaptics currently has an average rating of “Moderate Buy” and a consensus target price of $105.44.

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.