West Coast Financial LLC increased its position in Synaptics Incorporated (NASDAQ:SYNA) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,877 shares of the software maker’s stock after buying an additional 2,573 shares during the period. Synaptics makes up approximately 1.5% of West Coast Financial LLC’s investment portfolio, making the stock its 25th largest position. West Coast Financial LLC owned approximately 0.26% of Synaptics worth $4,648,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. TrimTabs Asset Management LLC increased its stake in shares of Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Synaptics during the first quarter worth $104,000. Edge Wealth Management LLC increased 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 in the last quarter. LS Investment Advisors LLC increased its stake in shares of Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Synaptics during the first quarter worth $148,000.
Synaptics Incorporated (NASDAQ SYNA) traded up 0.57% during midday trading on Wednesday, hitting $53.11. The company had a trading volume of 100,327 shares. The firm’s 50 day moving average is $55.41 and its 200-day moving average is $54.02. Synaptics Incorporated has a 52 week low of $47.00 and a 52 week high of $69.45. The firm has a market capitalization of $1.82 billion, a P/E ratio of 79.98 and a beta of 1.13.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, April 27th. The software maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.04. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The company had revenue of $442.20 million during the quarter, compared to analysts’ expectations of $430.19 million. During the same quarter last year, the firm posted $1.21 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Synaptics Incorporated will post $4.86 EPS for the current fiscal year.
SYNA has been the topic of a number of research analyst reports. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, March 29th. Needham & Company LLC raised Synaptics from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Friday, April 7th. Vetr downgraded Synaptics from a “strong-buy” rating to a “buy” rating and set a $58.34 target price on the stock. in a report on Tuesday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price (down previously from $90.00) on shares of Synaptics in a report on Saturday, April 29th. Finally, BidaskClub raised Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Six analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.43.
In other Synaptics news, VP Wajid Ali sold 555 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total transaction of $31,496.25. Following the completion of the sale, the vice president now directly owns 15,900 shares in the company, valued at $902,325. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rick Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $55.03, for a total transaction of $1,100,600.00. Following the sale, the chief executive officer now owns 115,488 shares of the company’s stock, valued at $6,355,304.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,930 shares of company stock valued at $2,212,446. Company insiders own 3.60% of the company’s stock.
About Synaptics
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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