First Heartland Consultants Inc. held its position in Synaptics Incorporated (NASDAQ:SYNA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,250 shares of the software maker’s stock at the end of the second quarter. First Heartland Consultants Inc.’s holdings in Synaptics were worth $220,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of SYNA. ING Groep NV acquired a new stake in shares of Synaptics during the second quarter worth about $216,000. Russell Investments Group Ltd. boosted its stake in shares of Synaptics by 20.3% in the second quarter. Russell Investments Group Ltd. now owns 232,991 shares of the software maker’s stock worth $12,048,000 after buying an additional 39,364 shares in the last quarter. First Midwest Bank Trust Division boosted its stake in shares of Synaptics by 2.4% in the second quarter. First Midwest Bank Trust Division now owns 18,243 shares of the software maker’s stock worth $943,000 after buying an additional 427 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Synaptics during the second quarter worth about $6,369,000. Finally, Profit Investment Management LLC boosted its stake in shares of Synaptics by 23.4% in the second quarter. Profit Investment Management LLC now owns 24,630 shares of the software maker’s stock worth $1,274,000 after buying an additional 4,666 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Synaptics Incorporated (NASDAQ SYNA) traded up 1.56% during midday trading on Friday, hitting $40.90. 1,527,853 shares of the company traded hands. Synaptics Incorporated has a 12-month low of $39.89 and a 12-month high of $69.45. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 29.85 and a beta of 1.13. The stock’s 50-day moving average price is $51.80 and its 200 day moving average price is $53.47.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million during the quarter, compared to analysts’ expectations of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities analysts forecast that Synaptics Incorporated will post $4.60 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Synaptics from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets decreased their price objective on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Synaptics in a report on Friday, August 4th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $62.00 to $55.00 in a report on Friday, August 4th. Finally, Cowen and Company set a $75.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.43.
In related news, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the transaction, the director now directly owns 16,166 shares in the company, valued at approximately $904,002.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rick Bergman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total transaction of $556,100.00. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
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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