SG Americas Securities LLC lifted its holdings in Synaptics, Incorporated (NASDAQ:SYNA) by 977.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,343 shares of the software maker’s stock after buying an additional 26,619 shares during the period. SG Americas Securities LLC owned about 0.09% of Synaptics worth $1,172,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SYNA. Tiedemann Wealth Management LLC boosted its position in shares of Synaptics by 17.9% in the third quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock worth $103,000 after buying an additional 2,485 shares during the period. Victory Capital Management Inc. acquired a new stake in Synaptics during the third quarter valued at $120,000. PNC Financial Services Group Inc. boosted its position in Synaptics by 51.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after purchasing an additional 948 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Synaptics during the second quarter valued at $203,000. Finally, Advisory Services Network LLC boosted its position in Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after purchasing an additional 75 shares during the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.
In other Synaptics news, CEO Rick Bergman sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 22,617 shares of company stock worth $1,107,929. Corporate insiders own 3.70% of the company’s stock.
Synaptics (NASDAQ:SYNA) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The company had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same period last year, the company earned $1.49 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. equities research analysts anticipate that Synaptics, Incorporated will post 2.53 EPS for the current year.
A number of research firms recently issued reports on SYNA. ValuEngine cut Synaptics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. BidaskClub raised Synaptics from a “strong sell” rating to a “sell” rating in a research report on Friday, February 9th. KeyCorp raised Synaptics from a “sector weight” rating to an “overweight” rating in a research report on Friday, January 12th. Craig Hallum reissued a “buy” rating and set a $49.00 price objective (up previously from $43.00) on shares of Synaptics in a research report on Thursday, February 8th. Finally, Oppenheimer reissued a “sell” rating and set a $35.00 price objective on shares of Synaptics in a research report on Wednesday, November 8th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.63.
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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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