AT Bancorp bought a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,674 shares of the software maker’s stock, valued at approximately $500,000.
Other large investors have also made changes to their positions in the company. Cardinal Capital Management boosted its position in Synaptics by 18.3% in the second quarter. Cardinal Capital Management now owns 17,639 shares of the software maker’s stock valued at $912,000 after buying an additional 2,733 shares in the last quarter. Spark Investment Management LLC purchased a new position in Synaptics during the second quarter valued at about $956,000. Great West Life Assurance Co. Can boosted its position in Synaptics by 4.5% in the second quarter. Great West Life Assurance Co. Can now owns 22,261 shares of the software maker’s stock valued at $1,151,000 after buying an additional 966 shares in the last quarter. Probity Advisors Inc. boosted its position in Synaptics by 1.0% in the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock valued at $390,000 after buying an additional 75 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Synaptics by 5,071.0% in the second quarter. Harbour Capital Advisors LLC now owns 108,591 shares of the software maker’s stock valued at $2,100,000 after buying an additional 106,491 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.
Synaptics Incorporated (NASDAQ SYNA) traded down 0.81% during mid-day trading on Friday, hitting $40.17. 409,586 shares of the stock traded hands. The stock has a 50 day moving average price of $49.99 and a 200 day moving average price of $53.02. The firm has a market cap of $1.39 billion, a PE ratio of 29.32 and a beta of 1.13. Synaptics Incorporated has a 12-month low of $39.89 and a 12-month high of $69.45.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, analysts expect that Synaptics Incorporated will post $4.60 earnings per share for the current fiscal year.
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Several research firms recently issued reports on SYNA. BidaskClub cut shares of Synaptics from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets cut their price target 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 reaffirmed a “buy” rating and issued a $55.00 target price (down from $65.00) on shares of Synaptics in a report on Friday, August 4th. Craig Hallum raised shares of Synaptics from a “hold” rating to a “buy” rating and dropped their target price for the company from $62.00 to $55.00 in a report on Friday, August 4th. Finally, Cowen and Company set a $75.00 target price on shares of Synaptics and gave the company a “buy” rating in a report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics currently has an average rating of “Hold” and a consensus target price of $57.43.
In related news, insider Rick Bergman sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $55.61, for a total transaction of $556,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the stock in a transaction 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 owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Synaptics Company Profile
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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