Boston Partners Purchases 4,557 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Boston Partners boosted its holdings in shares of Synaptics Incorporated (NASDAQ:SYNAFree Report) by 38.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,326 shares of the software maker’s stock after buying an additional 4,557 shares during the quarter. Boston Partners’ holdings in Synaptics were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Trigran Investments Inc. raised its holdings in Synaptics by 67.1% in the 2nd quarter. Trigran Investments Inc. now owns 1,374,752 shares of the software maker’s stock worth $117,376,000 after purchasing an additional 551,959 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Synaptics by 75.4% in the second quarter. Bank of New York Mellon Corp now owns 1,030,462 shares of the software maker’s stock worth $87,981,000 after buying an additional 443,026 shares during the period. Norges Bank purchased a new position in shares of Synaptics during the 4th quarter valued at about $34,790,000. BlackRock Inc. grew its stake in shares of Synaptics by 6.9% during the 2nd quarter. BlackRock Inc. now owns 5,323,437 shares of the software maker’s stock valued at $454,515,000 after acquiring an additional 341,905 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Synaptics by 55.0% in the 4th quarter. Alliancebernstein L.P. now owns 864,167 shares of the software maker’s stock worth $82,234,000 after acquiring an additional 306,742 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synaptics

In related news, insider John Mcfarland sold 884 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $105.83, for a total transaction of $93,553.72. Following the sale, the insider now owns 15,183 shares in the company, valued at approximately $1,606,816.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SYNA shares. JPMorgan Chase & Co. assumed coverage on shares of Synaptics in a research report on Friday, December 8th. They issued an “overweight” rating and a $130.00 price target for the company. Needham & Company LLC raised their price target on Synaptics from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 10th. KeyCorp boosted their price objective on Synaptics from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Susquehanna lifted their target price on Synaptics from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Friday, November 10th. Finally, Mizuho dropped their price target on Synaptics from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.91.

View Our Latest Analysis on Synaptics

Synaptics Trading Down 1.5 %

Shares of SYNA opened at $103.85 on Wednesday. The stock has a market capitalization of $4.07 billion, a PE ratio of -85.83 and a beta of 1.61. The company’s fifty day moving average is $108.75 and its 200 day moving average is $96.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.98 and a current ratio of 4.52. Synaptics Incorporated has a fifty-two week low of $67.73 and a fifty-two week high of $131.16.

Synaptics (NASDAQ:SYNAGet Free Report) last announced its earnings results on Thursday, November 9th. The software maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.14. The firm had revenue of $237.70 million for the quarter, compared to analysts’ expectations of $230.43 million. Synaptics had a negative net margin of 4.07% and a positive return on equity of 7.24%. The business’s revenue was down 47.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.89 EPS. Sell-side analysts expect that Synaptics Incorporated will post -0.49 earnings per share for the current fiscal year.

About Synaptics

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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