Massmutual Trust Co. FSB ADV trimmed its position in Synaptics Incorporated (NASDAQ:SYNA – Get Rating) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,519 shares of the software maker’s stock after selling 103 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Synaptics were worth $503,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Diversified Trust Co acquired a new stake in Synaptics in the first quarter worth approximately $649,000. BlackRock Inc. lifted its position in Synaptics by 15.5% in the fourth quarter. BlackRock Inc. now owns 4,532,718 shares of the software maker’s stock worth $1,312,268,000 after purchasing an additional 608,675 shares during the period. Cornerstone Advisory LLC acquired a new stake in Synaptics in the fourth quarter worth approximately $58,000. Vident Investment Advisory LLC lifted its position in Synaptics by 2.9% in the fourth quarter. Vident Investment Advisory LLC now owns 14,192 shares of the software maker’s stock worth $4,110,000 after purchasing an additional 402 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its position in Synaptics by 8.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 16,180 shares of the software maker’s stock worth $4,684,000 after purchasing an additional 1,242 shares during the period. Hedge funds and other institutional investors own 91.93% of the company’s stock.
SYNA has been the topic of several research reports. Wells Fargo & Company initiated coverage on Synaptics in a report on Thursday, April 7th. They issued an “equal weight” rating and a $185.00 price target on the stock. KeyCorp dropped their price target on Synaptics from $310.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, April 12th. Cowen dropped their price target on Synaptics from $310.00 to $210.00 in a report on Monday, May 2nd. Summit Insights cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, Needham & Company LLC dropped their price target on Synaptics from $340.00 to $265.00 in a report on Friday, May 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.25.
Shares of NASDAQ:SYNA opened at $120.75 on Thursday. The company’s fifty day moving average is $144.15 and its two-hundred day moving average is $200.03. The company has a quick ratio of 2.80, a current ratio of 3.17 and a debt-to-equity ratio of 0.85. Synaptics Incorporated has a 12-month low of $113.97 and a 12-month high of $299.39. The company has a market cap of $4.78 billion, a P/E ratio of 25.31 and a beta of 1.34.
Synaptics (NASDAQ:SYNA – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The software maker reported $2.91 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.07). Synaptics had a net margin of 12.17% and a return on equity of 34.97%. The company had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $464.65 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company’s revenue was up 44.3% on a year-over-year basis. Equities research analysts anticipate that Synaptics Incorporated will post 11.22 earnings per share for the current year.
Synaptics Company Profile (Get Rating)
Synaptics Incorporated develops and supplies semiconductor products and solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
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