Synaptics Incorporated (NASDAQ:SYNA) Shares Bought by Cardinal Capital Management

Cardinal Capital Management grew its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,105 shares of the software maker’s stock after buying an additional 389 shares during the period. Cardinal Capital Management’s holdings in Synaptics were worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYNA. Metropolitan Life Insurance Co NY grew its position in Synaptics by 3.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock valued at $232,000 after acquiring an additional 89 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Synaptics by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock worth $446,000 after buying an additional 123 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Synaptics by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after buying an additional 128 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Synaptics by 3.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 3,845 shares of the software maker’s stock valued at $428,000 after buying an additional 128 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Synaptics by 1.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,620 shares of the software maker’s stock worth $1,011,000 after acquiring an additional 134 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Stock Down 0.2 %

Shares of NASDAQ:SYNA opened at $86.03 on Tuesday. Synaptics Incorporated has a 1-year low of $67.73 and a 1-year high of $142.14. The stock has a market cap of $3.36 billion, a P/E ratio of 47.53 and a beta of 1.55. The firm has a fifty day moving average price of $88.69 and a 200 day moving average price of $90.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.89 and a quick ratio of 4.36.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.22. Synaptics had a net margin of 5.43% and a return on equity of 17.11%. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $224.34 million. During the same quarter last year, the business earned $3.21 earnings per share. Synaptics’s revenue was down 52.3% compared to the same quarter last year. Sell-side analysts predict that Synaptics Incorporated will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen boosted their target price on Synaptics from $86.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. StockNews.com assumed coverage on shares of Synaptics in a report on Thursday, August 17th. They set a “hold” rating for the company. Wells Fargo & Company reduced their price objective on shares of Synaptics from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Mizuho lowered their target price on shares of Synaptics from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Finally, Susquehanna cut their price target on Synaptics from $115.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.08.

Insider Activity

In related news, insider Saleel Awsare sold 7,669 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $91.16, for a total value of $699,106.04. Following the sale, the insider now directly owns 26,362 shares of the company’s stock, valued at $2,403,159.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Synaptics news, insider Saleel Awsare sold 7,669 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $91.16, for a total transaction of $699,106.04. Following the completion of the sale, the insider now owns 26,362 shares of the company’s stock, valued at $2,403,159.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Mcfarland sold 5,469 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $87.98, for a total value of $481,162.62. Following the completion of the transaction, the insider now owns 16,290 shares in the company, valued at $1,433,194.20. The disclosure for this sale can be found here. Insiders sold a total of 14,084 shares of company stock valued at $1,267,017 in the last 90 days. 1.20% of the stock is currently owned by insiders.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products 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, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.