Mutual of America Capital Management LLC Has $1.29 Million Stake in Synaptics Incorporated (NASDAQ:SYNA)

Mutual of America Capital Management LLC reduced its stake in Synaptics Incorporated (NASDAQ:SYNA) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,170 shares of the software maker’s stock after selling 990 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Synaptics worth $1,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SYNA. Teacher Retirement System of Texas acquired a new stake in shares of Synaptics in the 1st quarter valued at about $373,000. Peregrine Capital Management LLC boosted its stake in shares of Synaptics by 5.6% in the first quarter. Peregrine Capital Management LLC now owns 216,377 shares of the software maker’s stock valued at $13,788,000 after buying an additional 11,548 shares during the period. CWC Advisors LLC. boosted its stake in shares of Synaptics by 33.2% in the first quarter. CWC Advisors LLC. now owns 5,083 shares of the software maker’s stock valued at $324,000 after buying an additional 1,268 shares during the period. Johnson Investment Counsel Inc. bought a new stake in Synaptics during the first quarter worth $216,000. Finally, Cardinal Capital Management lifted its stake in Synaptics by 15.8% during the first quarter. Cardinal Capital Management now owns 41,495 shares of the software maker’s stock worth $2,644,000 after purchasing an additional 5,649 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Synaptics Price Performance

Synaptics stock opened at $66.22 on Monday. The company’s 50 day moving average price is $64.34 and its two-hundred day moving average price is $65.46. The company has a quick ratio of 2.34, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $93.64. The stock has a market cap of $2.55 billion, a P/E ratio of 16.03 and a beta of 1.70.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.03 million. Synaptics had a net margin of 15.90% and a return on equity of 3.16%. Synaptics’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, equities analysts predict that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho lowered their price target on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, March 24th. Needham & Company LLC initiated coverage on shares of Synaptics in a research report on Friday, May 9th. They set a “buy” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $93.75.

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.