Handelsbanken Fonder AB Has $826,000 Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Handelsbanken Fonder AB increased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,237 shares of the software maker’s stock after purchasing an additional 1,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Synaptics were worth $826,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Synaptics by 711.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock worth $25,000 after buying an additional 242 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Synaptics in the third quarter valued at approximately $31,000. Fifth Third Bancorp increased its position in shares of Synaptics by 92.4% during the 3rd quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after purchasing an additional 208 shares during the last quarter. Headinvest LLC bought a new stake in shares of Synaptics during the 3rd quarter worth approximately $40,000. Finally, Covestor Ltd boosted its holdings in shares of Synaptics by 180.3% in the 3rd quarter. Covestor Ltd now owns 639 shares of the software maker’s stock valued at $57,000 after buying an additional 411 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Friday, February 9th. Needham & Company LLC raised their target price on shares of Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, February 9th. KeyCorp boosted their price target on Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Mizuho reduced their target price on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, StockNews.com raised Synaptics from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.40.

Synaptics Stock Performance

Synaptics stock opened at $89.68 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53. The stock’s fifty day moving average price is $96.46 and its two-hundred day moving average price is $101.07. Synaptics Incorporated has a one year low of $67.73 and a one year high of $121.37.

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

Insider Activity

In related news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the sale, the insider now owns 31,847 shares in the company, valued at approximately $3,367,820.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Synaptics 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.