Oregon Public Employees Retirement Fund Raises Stake in Synaptics Incorporated (NASDAQ:SYNA)

Oregon Public Employees Retirement Fund raised its position in shares of Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,551 shares of the software maker’s stock after purchasing an additional 129 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Synaptics were worth $1,144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics during the first quarter valued at approximately $49,000. American National Bank bought a new stake in shares of Synaptics during the third quarter valued at approximately $35,000. CWM LLC raised its position in shares of Synaptics by 70.8% during the second quarter. CWM LLC now owns 480 shares of the software maker’s stock valued at $57,000 after buying an additional 199 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Synaptics by 32.8% during the second quarter. Parallel Advisors LLC now owns 526 shares of the software maker’s stock valued at $62,000 after buying an additional 130 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Synaptics during the second quarter valued at approximately $83,000. Institutional investors own 90.40% of the company’s stock.

Insider Activity

In other news, SVP John Mcfarland sold 12,299 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $88.50, for a total transaction of $1,088,461.50. Following the completion of the sale, the senior vice president now directly owns 11,403 shares of the company’s stock, valued at $1,009,165.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Saleel Awsare sold 1,822 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $106.58, for a total value of $194,188.76. Following the completion of the sale, the insider now directly owns 42,474 shares of the company’s stock, valued at $4,526,878.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Mcfarland sold 12,299 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $1,088,461.50. Following the completion of the sale, the senior vice president now directly owns 11,403 shares of the company’s stock, valued at $1,009,165.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,487 shares of company stock valued at $6,513,733. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SYNA. StockNews.com cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. TheStreet cut shares of Synaptics from a “b-” rating to a “c+” rating in a research report on Friday, October 14th. Wells Fargo & Company reduced their price target on shares of Synaptics from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, November 4th. BMO Capital Markets reduced their price target on shares of Synaptics from $110.00 to $90.00 and set a “market perform” rating on the stock in a research report on Friday, November 4th. Finally, Mizuho cut their price objective on shares of Synaptics from $205.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.00.

Synaptics Stock Up 5.1 %

Shares of SYNA opened at $115.35 on Monday. The firm has a market capitalization of $4.60 billion, a P/E ratio of 16.65 and a beta of 1.47. Synaptics Incorporated has a 12-month low of $81.13 and a 12-month high of $239.88. The company has a current ratio of 3.86, a quick ratio of 3.37 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average price of $101.32 and a 200-day moving average price of $109.50.

Synaptics (NASDAQ:SYNAGet Rating) last issued its earnings results on Thursday, November 3rd. The software maker reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.12. The firm had revenue of $448.10 million during the quarter, compared to analyst estimates of $450.48 million. Synaptics had a net margin of 15.53% and a return on equity of 39.05%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. Equities research analysts expect that Synaptics Incorporated will post 6.72 earnings per share for the current year.

About Synaptics

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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.

See Also

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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