Dimensional Fund Advisors LP boosted its position in Synaptics, Incorporated (NASDAQ:SYNA) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 880,112 shares of the company’s stock after buying an additional 73,041 shares during the period. Dimensional Fund Advisors LP’s holdings in Synaptics, were worth $47,157,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Orinda Asset Management LLC bought a new stake in Synaptics, during the third quarter worth approximately $129,000. LS Investment Advisors LLC boosted its stake in Synaptics, by 3.8% in the third quarter. LS Investment Advisors LLC now owns 2,261 shares of the company’s stock worth $132,000 after buying an additional 83 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Synaptics, by 50.0% in the third quarter. Acrospire Investment Management LLC now owns 3,000 shares of the company’s stock worth $176,000 after buying an additional 1,000 shares in the last quarter. Physicians Financial Services Inc. boosted its stake in Synaptics, by 3.3% in the third quarter. Physicians Financial Services Inc. now owns 3,100 shares of the company’s stock worth $181,000 after buying an additional 100 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Synaptics, by 7.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,387 shares of the company’s stock worth $257,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.
Shares of Synaptics, Incorporated (NASDAQ:SYNA) opened at 51.50 on Tuesday. The company’s 50 day moving average price is $54.36 and its 200 day moving average price is $56.61. Synaptics, Incorporated has a 52-week low of $47.09 and a 52-week high of $90.91. The stock has a market capitalization of $1.82 billion, a PE ratio of 47.42 and a beta of 1.24.
Synaptics, (NASDAQ:SYNA) last announced its earnings results on Thursday, January 26th. The company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.20. Synaptics, had a net margin of 2.54% and a return on equity of 14.02%. The company earned $461.30 million during the quarter. During the same period in the prior year, the firm posted $1.60 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Synaptics, Incorporated will post $4.89 EPS for the current year.
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A number of equities research analysts have recently commented on the company. Northland Securities raised Synaptics, from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Thursday, March 16th. Oppenheimer Holdings Inc. reissued an “underperform” rating and issued a $67.50 target price on shares of Synaptics, in a research note on Monday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of Synaptics, in a research note on Thursday, December 15th. Zacks Investment Research raised Synaptics, from a “sell” rating to a “hold” rating in a research note on Thursday, February 2nd. Finally, Cann reissued an “underperform” rating and issued a $45.00 target price on shares of Synaptics, in a research note on Tuesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.79.
In other Synaptics, news, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $56.26, for a total value of $562,600.00. Following the completion of the transaction, the insider now directly owns 105,488 shares of the company’s stock, valued at $5,934,754.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Wajid Ali sold 477 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $56.96, for a total transaction of $27,169.92. Following the completion of the transaction, the vice president now directly owns 17,627 shares of the company’s stock, valued at $1,004,033.92. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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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