AHL Partners LLP lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 70.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,006 shares of the software maker’s stock after selling 114,619 shares during the quarter. AHL Partners LLP owned about 0.14% of Synaptics worth $2,431,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new position in shares of Synaptics during the 1st quarter valued at about $104,000. Riverhead Capital Management LLC increased its stake in shares of Synaptics by 95.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock valued at $141,000 after acquiring an additional 1,330 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Synaptics by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock valued at $143,000 after acquiring an additional 421 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Synaptics by 51.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after acquiring an additional 948 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Synaptics during the 2nd quarter valued at about $147,000. 97.74% of the stock is owned by institutional investors.
Synaptics Incorporated (NASDAQ:SYNA) opened at 37.07 on Thursday. The stock has a market cap of $1.25 billion, a PE ratio of 27.06 and a beta of 1.20. The firm has a 50-day moving average price of $39.41 and a 200-day moving average price of $49.12. Synaptics Incorporated has a 12-month low of $36.36 and a 12-month high of $69.45.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.49 million. During the same period last year, the business earned $0.46 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts forecast that Synaptics Incorporated will post $4.48 EPS for the current fiscal year.
A number of research analysts have recently commented on SYNA shares. Cowen and Company set a $75.00 price objective on shares of Synaptics and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Mizuho downgraded shares of Synaptics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $42.00 in a research report on Monday. BidaskClub downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Synaptics in a research report on Monday, June 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $56.00 target price on shares of Synaptics in a research report on Thursday, July 20th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.09.
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Synaptics Company Profile
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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