Raymond James & Associates Has $1.59 Million Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

Raymond James & Associates boosted its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 57.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,942 shares of the software maker’s stock after acquiring an additional 5,093 shares during the quarter. Raymond James & Associates’ holdings in Synaptics were worth $1,591,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its position in shares of 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 purchasing an additional 89 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Synaptics by 2.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock valued at $446,000 after buying an additional 123 shares during the period. PNC Financial Services Group Inc. lifted its position in Synaptics by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after buying an additional 128 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Synaptics by 12.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock valued at $248,000 after buying an additional 135 shares during the period. Finally, Diversified Trust Co grew its holdings in shares of Synaptics by 5.8% during the 4th quarter. Diversified Trust Co now owns 3,332 shares of the software maker’s stock valued at $380,000 after acquiring an additional 184 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Trading Down 2.0 %

Shares of SYNA stock opened at $81.69 on Friday. Synaptics Incorporated has a 12 month low of $67.73 and a 12 month high of $121.37. The company has a market cap of $3.21 billion, a PE ratio of -41.05 and a beta of 1.56. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $99.88 and its two-hundred day moving average is $101.29.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data 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. The business had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. Synaptics’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. Equities analysts predict that Synaptics Incorporated will post -0.48 EPS for the current year.

Analysts Set New Price Targets

SYNA has been the subject of several recent research reports. KeyCorp increased their price objective on Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Needham & Company LLC lifted their price target on Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 9th. TD Cowen increased their price objective on Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Susquehanna raised their price objective on shares of Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, Mizuho decreased their target price on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research report 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.com, Synaptics presently has an average rating of “Moderate Buy” and an average price target of $125.36.

Insider Buying and Selling at Synaptics

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

Synaptics Company Profile

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.