UBS Group AG Has $12.03 Million Holdings in Synaptics Incorporated (NASDAQ:SYNA)

UBS Group AG increased its position in shares of Synaptics Incorporated (NASDAQ:SYNAFree Report) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,457 shares of the software maker’s stock after buying an additional 22,308 shares during the period. UBS Group AG owned 0.27% of Synaptics worth $12,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake 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 worth $380,000 after purchasing an additional 184 shares during the last quarter. Managed Asset Portfolios LLC increased its position in Synaptics by 6.2% during the fourth quarter. Managed Asset Portfolios LLC now owns 3,210 shares of the software maker’s stock worth $366,000 after buying an additional 186 shares during the last quarter. Arizona State Retirement System increased its position in Synaptics by 1.7% during the third quarter. Arizona State Retirement System now owns 11,253 shares of the software maker’s stock worth $1,006,000 after buying an additional 188 shares during the last quarter. Signaturefd LLC raised its stake in 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 buying an additional 242 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Synaptics by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 29,101 shares of the software maker’s stock worth $2,603,000 after acquiring an additional 334 shares during the period. 99.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SYNA. Wells Fargo & Company dropped their price target on Synaptics from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Friday, February 9th. KeyCorp lowered their price target on shares of Synaptics from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. TD Cowen reduced their price objective on Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Needham & Company LLC lowered their target price on Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Three investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.67.

Read Our Latest Stock Report on SYNA

Synaptics Price Performance

NASDAQ:SYNA opened at $93.71 on Friday. Synaptics Incorporated has a fifty-two week low of $73.38 and a fifty-two week high of $121.37. The company has a current ratio of 5.32, a quick ratio of 4.78 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $91.04 and a 200-day moving average price of $101.27.

Synaptics (NASDAQ:SYNAGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The software maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The business had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $235.17 million. During the same quarter in the prior year, the business posted $1.14 earnings per share. Synaptics’s revenue was down 27.3% compared to the same quarter last year. As a group, research analysts forecast that Synaptics Incorporated will post -0.36 earnings per share for the current year.

About Synaptics

(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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