Synaptics Incorporated (NASDAQ:SYNA) Stake Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in shares of Synaptics Incorporated (NASDAQ:SYNAFree Report) by 44.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,522 shares of the software maker’s stock after buying an additional 3,256 shares during the quarter. Pacer Advisors Inc.’s holdings in Synaptics were worth $1,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Synaptics in the 1st quarter valued at approximately $49,000. Signaturefd LLC lifted its holdings in shares of Synaptics by 711.8% in the third quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Synaptics in the third quarter valued at $31,000. Belpointe Asset Management LLC boosted its position in shares of Synaptics by 112.9% in the first quarter. Belpointe Asset Management LLC now owns 364 shares of the software maker’s stock worth $40,000 after buying an additional 193 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Synaptics by 92.4% during the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock valued at $39,000 after buying an additional 208 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Trading Up 0.2 %

Shares of NASDAQ:SYNA opened at $97.76 on Tuesday. Synaptics Incorporated has a 1 year low of $67.73 and a 1 year high of $121.37. The firm has a fifty day moving average price of $104.46 and a 200 day moving average price of $100.96. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $3.84 billion, a PE ratio of -49.13 and a beta of 1.56.

Synaptics (NASDAQ:SYNAGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. During the same quarter in the prior year, the company posted $1.47 EPS. The firm’s revenue was down 32.9% on a year-over-year basis. Analysts expect that Synaptics Incorporated will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling at Synaptics

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho decreased their price objective on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Friday, February 9th. JPMorgan Chase & Co. initiated coverage on shares of Synaptics in a research report on Friday, December 8th. They issued an “overweight” rating and a $130.00 target price for the company. Needham & Company LLC lifted their target price on shares of Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Susquehanna upped their price target on shares of Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.36.

View Our Latest Analysis on Synaptics

Synaptics Company 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.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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