Louisiana State Employees Retirement System Acquires Shares of 11,000 Synaptics Incorporated (NASDAQ:SYNA)

Louisiana State Employees Retirement System acquired a new stake in Synaptics Incorporated (NASDAQ:SYNA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,000 shares of the software maker’s stock, valued at approximately $1,255,000.

Other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its position in shares of Synaptics by 5.8% during the 4th quarter. Diversified Trust Co now owns 3,332 shares of the software maker’s stock valued at $380,000 after buying an additional 184 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Synaptics by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 11,253 shares of the software maker’s stock valued at $1,006,000 after buying an additional 188 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Synaptics by 92.4% during the 3rd quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock valued at $39,000 after buying an additional 208 shares during the last quarter. Signaturefd LLC lifted its position in shares of Synaptics by 711.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after buying an additional 242 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Synaptics by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 29,101 shares of the software maker’s stock valued at $2,603,000 after buying an additional 334 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

NASDAQ:SYNA opened at $79.80 on Tuesday. The business’s 50-day moving average price is $98.58 and its two-hundred day moving average price is $101.32. Synaptics Incorporated has a twelve month low of $67.73 and a twelve month high of $121.37. The stock has a market cap of $3.14 billion, a P/E ratio of -40.10 and a beta of 1.56. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company’s revenue was down 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. As a group, equities analysts predict that Synaptics Incorporated will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. KeyCorp upped their price target on Synaptics from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Susquehanna increased their price objective on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, February 9th. StockNews.com raised Synaptics from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Rosenblatt Securities increased their price objective on Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Craig Hallum cut Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.36.

Insider Activity

In other news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $105.75, for a total transaction of $382,392.00. Following the transaction, the insider now directly owns 31,847 shares in the company, valued at approximately $3,367,820.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.