Oppenheimer & Co. Inc. Has $545,000 Stake in Synaptics Incorporated (NASDAQ:SYNA)

Oppenheimer & Co. Inc. boosted its position in Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 6.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,731 shares of the software maker’s stock after purchasing an additional 173 shares during the period. Oppenheimer & Co. Inc.’s holdings in Synaptics were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its stake in Synaptics by 2.6% in the fourth quarter. Bank of America Corp DE now owns 118,974 shares of the software maker’s stock valued at $34,443,000 after purchasing an additional 3,027 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Synaptics by 45.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,157 shares of the software maker’s stock valued at $624,000 after purchasing an additional 676 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Synaptics in the fourth quarter valued at $39,000. Securian Asset Management Inc. increased its stake in Synaptics by 13.0% in the fourth quarter. Securian Asset Management Inc. now owns 3,518 shares of the software maker’s stock valued at $1,018,000 after purchasing an additional 404 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Synaptics by 4.0% in the fourth quarter. California Public Employees Retirement System now owns 81,435 shares of the software maker’s stock valued at $23,576,000 after purchasing an additional 3,163 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Synaptics Stock Down 0.1 %

Synaptics stock opened at $112.88 on Monday. Synaptics Incorporated has a fifty-two week low of $108.51 and a fifty-two week high of $299.39. The stock has a market cap of $4.47 billion, a PE ratio of 17.83 and a beta of 1.46. The firm’s 50-day simple moving average is $130.65 and its 200 day simple moving average is $159.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.66 and a current ratio of 3.03.

Synaptics (NASDAQ:SYNAGet Rating) last released its quarterly earnings results on Thursday, August 4th. The software maker reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.74. Synaptics had a net margin of 14.80% and a return on equity of 38.59%. The business had revenue of $476.40 million for the quarter, compared to analysts’ expectations of $472.74 million. During the same period in the previous year, the company earned $1.60 earnings per share. The firm’s revenue for the quarter was up 45.3% compared to the same quarter last year. Research analysts predict that Synaptics Incorporated will post 10.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SYNA shares. Mizuho decreased their price target on shares of Synaptics from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Susquehanna decreased their price target on shares of Synaptics from $200.00 to $185.00 in a research note on Friday, August 5th. TheStreet raised shares of Synaptics from a “c+” rating to a “b-” rating in a research report on Thursday, August 4th. Oppenheimer decreased their target price on shares of Synaptics from $230.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Finally, Susquehanna Bancshares decreased their target price on shares of Synaptics from $200.00 to $185.00 in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.75.

Insider Buying and Selling

In other Synaptics news, insider Saleel Awsare sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $133.58, for a total value of $534,320.00. Following the transaction, the insider now directly owns 38,608 shares in the company, valued at $5,157,256.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Synaptics news, insider Saleel Awsare sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $133.58, for a total value of $534,320.00. Following the transaction, the insider now directly owns 38,608 shares in the company, valued at $5,157,256.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Mcfarland sold 8,188 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $137.09, for a total transaction of $1,122,492.92. Following the completion of the transaction, the senior vice president now owns 15,083 shares in the company, valued at $2,067,728.47. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Synaptics 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.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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