Laurion Capital Management LP acquired a new position in shares of Synaptics, Incorporated (NASDAQ:SYNA) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 38,691 shares of the software maker’s stock, valued at approximately $1,538,000.
Several other hedge funds also recently made changes to their positions in SYNA. NumerixS Investment Technologies Inc acquired a new stake in Synaptics during the 4th quarter worth approximately $38,000. Neuburgh Advisers LLC increased its position in Synaptics by 11.8% during the 4th quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock worth $124,000 after purchasing an additional 352 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Synaptics during the 1st quarter worth approximately $136,000. Dupont Capital Management Corp acquired a new stake in Synaptics during the 4th quarter worth approximately $151,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in Synaptics during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 98.09% of the company’s stock.
In other Synaptics news, SVP John Mcfarland sold 2,829 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $33.76, for a total value of $95,507.04. Following the completion of the sale, the senior vice president now owns 21,871 shares of the company’s stock, valued at $738,364.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.52. Synaptics had a net margin of 1.39% and a return on equity of 15.21%. The company had revenue of $334.00 million during the quarter, compared to the consensus estimate of $345.30 million. During the same quarter last year, the company earned $0.92 earnings per share. Synaptics’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, analysts anticipate that Synaptics, Incorporated will post 2.33 EPS for the current fiscal year.
A number of research firms recently issued reports on SYNA. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price (down previously from $45.00) on shares of Synaptics in a research report on Friday, May 10th. Mizuho dropped their target price on shares of Synaptics from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Craig Hallum reissued a “buy” rating and set a $47.00 target price (down previously from $48.00) on shares of Synaptics in a research report on Monday, April 8th. Finally, BMO Capital Markets dropped their target price on shares of Synaptics to $29.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.40.
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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