Ostrum Asset Management purchased a new stake in shares of Synaptics, Incorporated (NASDAQ:SYNA) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,405 shares of the software maker’s stock, valued at approximately $1,162,000. Ostrum Asset Management owned 0.07% of Synaptics as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Synaptics by 2.3% in the 1st quarter. BlackRock Inc. now owns 3,590,516 shares of the software maker’s stock worth $164,194,000 after acquiring an additional 81,119 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Synaptics by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,870,956 shares of the software maker’s stock worth $85,559,000 after acquiring an additional 269,298 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Synaptics by 7.6% in the fourth quarter. State of Tennessee Treasury Department now owns 1,325,800 shares of the software maker’s stock worth $52,952,000 after acquiring an additional 93,800 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of Synaptics by 1.4% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,014,352 shares of the software maker’s stock worth $40,513,000 after acquiring an additional 14,010 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Synaptics in the first quarter worth approximately $45,069,000.
SYNA has been the topic of a number of research reports. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 11th. Mizuho raised shares of Synaptics from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $55.00 in a report on Wednesday, April 11th. ValuEngine downgraded shares of Synaptics from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Cowen set a $60.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Craig Hallum reissued a “buy” rating and issued a $51.00 price objective (up previously from $49.00) on shares of Synaptics in a report on Thursday, May 10th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Synaptics has a consensus rating of “Hold” and an average price target of $48.00.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $394.00 million for the quarter, compared to analysts’ expectations of $401.97 million. Synaptics had a negative net margin of 6.28% and a positive return on equity of 11.99%. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. equities research analysts predict that Synaptics, Incorporated will post 2.25 EPS for the current fiscal year.
In other news, Director Francis F. Lee sold 7,385 shares of Synaptics stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $43.03, for a total transaction of $317,776.55. Following the sale, the director now owns 54,454 shares in the company, valued at $2,343,155.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Francis F. Lee sold 152,416 shares of Synaptics stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $45.41, for a total transaction of $6,921,210.56. Following the sale, the director now owns 110,210 shares in the company, valued at approximately $5,004,636.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,801 shares of company stock worth $8,886,247. Company insiders own 3.70% of the company’s stock.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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