Crossmark Global Holdings Inc. lessened its stake in Synaptics Incorporated (NASDAQ:SYNA – Get Rating) by 32.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,250 shares of the software maker’s stock after selling 1,557 shares during the period. Crossmark Global Holdings Inc.’s holdings in Synaptics were worth $322,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Synaptics by 112.8% in the second quarter. Wells Fargo & Company MN now owns 28,599 shares of the software maker’s stock valued at $3,376,000 after buying an additional 251,313 shares in the last quarter. Woodline Partners LP purchased a new stake in Synaptics during the 2nd quarter worth approximately $25,163,000. Goldman Sachs Group Inc. lifted its holdings in Synaptics by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 327,890 shares of the software maker’s stock worth $65,414,000 after buying an additional 162,405 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Synaptics by 236.9% during the 2nd quarter. Renaissance Technologies LLC now owns 209,627 shares of the software maker’s stock worth $24,746,000 after buying an additional 147,400 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Synaptics by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 3,911,427 shares of the software maker’s stock valued at $780,329,000 after buying an additional 67,124 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.
Analyst Upgrades and Downgrades
SYNA has been the topic of a number of recent research reports. Craig Hallum cut their price objective on Synaptics from $180.00 to $120.00 in a research report on Friday, November 4th. StockNews.com cut Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. BMO Capital Markets lowered their price objective on Synaptics from $110.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, November 4th. Wells Fargo & Company reduced their target price on shares of Synaptics from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Finally, Cowen lowered their price target on shares of Synaptics from $210.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, October 31st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.
Synaptics Stock Performance
Synaptics (NASDAQ:SYNA – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The software maker reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.12. Synaptics had a return on equity of 39.05% and a net margin of 15.53%. The company had revenue of $448.10 million during the quarter, compared to analysts’ expectations of $450.48 million. During the same quarter in the previous year, the business earned $1.98 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts expect that Synaptics Incorporated will post 6.72 earnings per share for the current year.
Insider Buying and Selling at Synaptics
In other news, SVP John Mcfarland sold 12,299 shares of the stock in a transaction dated 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 owns 11,403 shares in the company, valued at $1,009,165.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Synaptics news, SVP John Mcfarland sold 12,299 shares of the stock in a transaction that occurred on 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 approximately $1,009,165.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Saleel Awsare sold 1,822 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,474 shares in the company, valued at approximately $4,526,878.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,487 shares of company stock worth $6,513,733. 0.97% of the stock is owned by company insiders.
Synaptics Company Profile
Synaptics, Inc engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.
- Get a free copy of the StockNews.com research report on Synaptics (SYNA)
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