Synaptics, Incorporated (SYNA) Position Lowered by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its stake in Synaptics, Incorporated (NASDAQ:SYNA) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,295 shares of the software maker’s stock after selling 1,881 shares during the period. Nationwide Fund Advisors owned approximately 0.23% of Synaptics worth $3,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Highlander Capital Management LLC purchased a new position in Synaptics during the 2nd quarter valued at about $104,000. Riverhead Capital Management LLC increased its holdings in 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 in the last quarter. Verition Fund Management LLC purchased a new position in Synaptics during the 2nd quarter valued at about $203,000. Finally, TrimTabs Asset Management LLC increased its holdings in Synaptics by 105.2% during the 2nd quarter. TrimTabs Asset Management LLC now owns 4,254 shares of the software maker’s stock valued at $220,000 after acquiring an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

In other news, insider Rick Bergman sold 2,000 shares of Synaptics stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now directly owns 130,307 shares in the company, valued at $5,212,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Wajid Ali sold 2,918 shares of Synaptics stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total transaction of $121,826.50. Following the sale, the chief financial officer now owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Several equities analysts have weighed in on the stock. UBS upgraded shares of Synaptics from an “underperform” rating to a “market perform” rating in a report on Friday, December 8th. CIBC restated an “underperform” rating and set a $35.00 target price (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Oppenheimer restated a “sell” rating and set a $35.00 target price on shares of Synaptics in a report on Wednesday, November 8th. Craig Hallum restated a “buy” rating and set a $43.00 target price (down from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $48.03.

Shares of Synaptics, Incorporated (NASDAQ SYNA) opened at $41.05 on Tuesday. The company has a market cap of $1,376.89, a PE ratio of 12.37, a PEG ratio of 0.97 and a beta of 1.19. Synaptics, Incorporated has a twelve month low of $33.73 and a twelve month high of $64.54. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.46. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. research analysts predict that Synaptics, Incorporated will post 2.8 EPS for the current year.

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About Synaptics

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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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