Synaptics, Incorporated (NASDAQ:SYNA) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its position in shares of Synaptics, Incorporated (NASDAQ:SYNA) by 95.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the software maker’s stock after selling 86,026 shares during the quarter. Schroder Investment Management Group’s holdings in Synaptics were worth $119,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Synaptics in the first quarter valued at $9,559,000. First Midwest Bank Trust Division grew its stake in Synaptics by 111.7% during the 2nd quarter. First Midwest Bank Trust Division now owns 274,080 shares of the software maker’s stock worth $7,987,000 after purchasing an additional 144,601 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Synaptics by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,741,214 shares of the software maker’s stock worth $64,791,000 after purchasing an additional 142,207 shares during the period. Geode Capital Management LLC increased its holdings in Synaptics by 30.4% during the 4th quarter. Geode Capital Management LLC now owns 538,257 shares of the software maker’s stock worth $20,028,000 after purchasing an additional 125,449 shares during the period. Finally, AlphaOne Investment Services LLC purchased a new stake in Synaptics during the 1st quarter worth about $3,663,000. Institutional investors own 95.82% of the company’s stock.

In related news, Director Nelson C. Chan sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.25, for a total value of $199,500.00. Following the completion of the transaction, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Several equities analysts have recently issued reports on SYNA shares. Rosenblatt Securities reiterated a “hold” rating and issued a $42.00 price objective on shares of Synaptics in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Synaptics in a research note on Sunday, August 11th. ValuEngine upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $28.00 in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.33.

NASDAQ SYNA traded down $0.51 during trading on Wednesday, reaching $38.78. 20,218 shares of the company’s stock were exchanged, compared to its average volume of 426,698. The company has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $33.83. The stock has a market cap of $1.27 billion, a P/E ratio of 15.33 and a beta of 0.96. Synaptics, Incorporated has a 1 year low of $26.34 and a 1 year high of $47.87. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.25 and a current ratio of 2.88.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.47. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The business had revenue of $295.10 million for the quarter, compared to the consensus estimate of $307.27 million. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 24.0% on a year-over-year basis. Research analysts forecast that Synaptics, Incorporated will post 1.63 EPS for the current fiscal year.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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