Synaptics Incorporated (NASDAQ:SYNA) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in Synaptics Incorporated (NASDAQ:SYNA) by 12.0% during the 4th quarter, HoldingsChannel reports. The fund owned 25,342 shares of the software maker’s stock after buying an additional 2,724 shares during the period. New York State Common Retirement Fund’s holdings in Synaptics were worth $2,891,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SYNA. Handelsbanken Fonder AB increased its position in shares of Synaptics by 21.9% in the 4th quarter. Handelsbanken Fonder AB now owns 7,237 shares of the software maker’s stock worth $826,000 after purchasing an additional 1,300 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Synaptics during the fourth quarter worth about $3,558,000. Louisiana State Employees Retirement System acquired a new position in Synaptics in the fourth quarter worth about $1,255,000. GHP Investment Advisors Inc. increased its holdings in Synaptics by 1.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 99,371 shares of the software maker’s stock valued at $11,336,000 after buying an additional 1,473 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Synaptics by 16.2% during the fourth quarter. Peregrine Capital Management LLC now owns 64,848 shares of the software maker’s stock valued at $7,398,000 after buying an additional 9,047 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $91.20 on Tuesday. Synaptics Incorporated has a 12-month low of $72.64 and a 12-month high of $121.37. The company has a market cap of $3.58 billion, a PE ratio of -45.83 and a beta of 1.59. The stock has a 50 day simple moving average of $94.97 and a 200-day simple moving average of $100.87. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The firm’s quarterly revenue was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. On average, equities research analysts forecast that Synaptics Incorporated will post -0.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC lifted their target price on Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Friday, February 9th. Susquehanna boosted 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, KeyCorp increased their price objective on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.67.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

About Synaptics

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.