Boston Partners Has $1.46 Million Stake in Synaptics Incorporated (NASDAQ:SYNA)

Boston Partners raised its holdings in Synaptics Incorporated (NASDAQ:SYNAFree Report) by 38.7% in the third quarter, Holdings Channel reports. The firm owned 16,326 shares of the software maker’s stock after purchasing an additional 4,557 shares during the period. Boston Partners’ holdings in Synaptics were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY boosted its stake in Synaptics by 3.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock worth $232,000 after buying an additional 89 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Synaptics by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock valued at $446,000 after acquiring an additional 123 shares during the period. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 128 shares during the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Synaptics by 12.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock valued at $248,000 after purchasing an additional 135 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Synaptics by 0.7% during the second quarter. Ameritas Investment Partners Inc. now owns 20,917 shares of the software maker’s stock valued at $1,786,000 after acquiring an additional 151 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on Synaptics

Insider Transactions at Synaptics

In related news, insider John Mcfarland sold 884 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $105.83, for a total value of $93,553.72. Following the completion of the sale, the insider now directly owns 15,183 shares in the company, valued at $1,606,816.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $103.85 on Wednesday. Synaptics Incorporated has a 52-week low of $67.73 and a 52-week high of $131.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.98 and a current ratio of 4.52. The firm’s fifty day moving average is $108.75 and its two-hundred day moving average is $96.86. The company has a market cap of $4.07 billion, a P/E ratio of -85.83 and a beta of 1.61.

Synaptics (NASDAQ:SYNAGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. Synaptics had a positive return on equity of 7.24% and a negative net margin of 4.07%. The company had revenue of $237.70 million during the quarter, compared to analyst estimates of $230.43 million. During the same quarter last year, the business posted $2.89 earnings per share. The firm’s revenue was down 47.0% on a year-over-year basis. As a group, analysts anticipate that Synaptics Incorporated will post -0.49 EPS for the current fiscal year.

Synaptics Profile

(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

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:SYNAFree Report).

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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