Oregon Public Employees Retirement Fund Increases Stake in Synaptics Incorporated (NASDAQ:SYNA)

Oregon Public Employees Retirement Fund raised its position in Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 11,551 shares of the software maker’s stock after purchasing an additional 129 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Synaptics were worth $1,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Synaptics by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 10,711 shares of the software maker’s stock valued at $1,264,000 after purchasing an additional 95 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Synaptics by 2.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,687 shares of the software maker’s stock valued at $671,000 after purchasing an additional 120 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Synaptics by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after purchasing an additional 128 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Synaptics by 32.8% in the 2nd quarter. Parallel Advisors LLC now owns 526 shares of the software maker’s stock valued at $62,000 after purchasing an additional 130 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Synaptics by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,053 shares of the software maker’s stock valued at $500,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Synaptics Stock Up 5.1 %

Shares of NASDAQ:SYNA opened at $115.35 on Monday. The business has a 50-day moving average price of $101.32 and a 200 day moving average price of $109.50. The company has a current ratio of 3.86, a quick ratio of 3.37 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 16.65 and a beta of 1.47. Synaptics Incorporated has a 12-month low of $81.13 and a 12-month high of $239.88.

Synaptics (NASDAQ:SYNAGet Rating) last released its earnings results on Thursday, November 3rd. The software maker reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.12. The company had revenue of $448.10 million during the quarter, compared to the consensus estimate of $450.48 million. Synaptics had a return on equity of 39.05% and a net margin of 15.53%. Synaptics’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. Sell-side analysts expect that Synaptics Incorporated will post 6.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SYNA. Craig Hallum cut their target price on Synaptics from $180.00 to $120.00 in a research note on Friday, November 4th. Wells Fargo & Company cut their target price on Synaptics from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. Mizuho cut their target price on Synaptics from $205.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, November 4th. BMO Capital Markets cut their target price on Synaptics from $110.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, November 4th. Finally, Cowen cut their target price on Synaptics from $210.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Saleel Awsare sold 1,822 shares of Synaptics stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $106.58, for a total value of $194,188.76. Following the completion of the transaction, the insider now directly owns 42,474 shares of the company’s stock, valued at approximately $4,526,878.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Dean Warren Butler sold 11,866 shares of Synaptics stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $102.52, for a total value of $1,216,502.32. Following the completion of the transaction, the insider now owns 35,535 shares in the company, valued at approximately $3,643,048.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Saleel Awsare sold 1,822 shares of Synaptics stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $106.58, for a total value of $194,188.76. Following the completion of the transaction, the insider now owns 42,474 shares of the company’s stock, valued at approximately $4,526,878.92. The disclosure for this sale can be found here. Insiders sold a total of 66,487 shares of company stock valued at $6,513,733 in the last three months. 0.97% of the stock is owned by corporate insiders.

Synaptics Company Profile

(Get Rating)

Synaptics Incorporated develops, markets, and sells semiconductor product 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.

See Also

Want to see what other hedge funds are holding SYNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synaptics Incorporated (NASDAQ:SYNAGet Rating).

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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