2 weeks Ago By ABMN Staff
American Century Companies Inc. lowered its position in shares of Synaptics Incorporated ( NASDAQ:SYNA – Free Report ) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 16,959 shares of the software maker’s stock after selling 866 shares during the quarter. American Century Companies Inc.’s holdings in Synaptics were worth $1,496,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Synaptics by 26.0% during the first quarter.
CWM LLC now owns 673 shares of the software maker’s stock worth $66,000 after purchasing an additional 139 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Synaptics during the 2nd quarter valued at $67,000.
Register Financial Advisors LLC acquired a new position in shares of Synaptics in the first quarter worth $76,000. Innealta Capital LLC purchased a new stake in shares of Synaptics during the second quarter worth $83,000. Finally, nVerses Capital LLC acquired a new position in Synaptics in the 2nd quarter worth about $141,000.
Hedge funds and other institutional investors own 99.43% of the company’s stock. Analyst Ratings Changes Several equities analysts have weighed in on SYNA shares.
JPMorgan Chase & Co. cut their target price on Synaptics from $120.00 to $100.
00 and set an “overweight” rating on the stock in a report on Friday, August 9th. TD Cowen cut their target price on Synaptics from $115.00 to $90.
00 and set a “buy” rating for the company in a research note on Friday, August 9th. Craig Hallum reduced their price objective on shares of Synaptics from $105.00 to $80.
00 and set a “hold” rating for the company in a report on Friday, August 9th. KeyCorp lowered their target price on shares of Synaptics from $115.00 to $100.
00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Needham & Company LLC cut their price target on shares of Synaptics from $110.00 to $95.
00 and set a “buy” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.44. Synaptics Stock Performance NASDAQ:SYNA opened at $78.
48 on Monday. The stock has a market capitalization of $3.13 billion, a P/E ratio of -28.
96 and a beta of 1.47. The company has a current ratio of 4.
19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66.
Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $121.37.
The firm has a 50 day moving average of $77.54 and a 200-day moving average of $86.54.
Synaptics ( NASDAQ:SYNA – Get Free Report ) last announced its earnings results on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, topping the consensus estimate of $0.
55 by $0.09. The company had revenue of $247.
40 million for the quarter, compared to analysts’ expectations of $245.17 million. Synaptics had a negative return on equity of 0.
54% and a net margin of 13.09%. The business’s revenue for the quarter was up 8.
8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share.
As a group, sell-side analysts anticipate that Synaptics Incorporated will post 0.72 EPS for the current fiscal year. Insider Activity In related news, insider Vikram Gupta sold 1,008 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th.
The shares were sold at an average price of $80.00, for a total value of $80,640.00.
Following the completion of the transaction, the insider now owns 45,789 shares in the company, valued at approximately $3,663,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 1.
20% of the stock is owned by insiders. Synaptics 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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