Commonwealth Equity Services LLC Has $297,000 Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Commonwealth Equity Services LLC lessened its position in Synaptics Incorporated (NASDAQ:SYNA) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,362 shares of the software maker’s stock after selling 577 shares during the period. Commonwealth Equity Services LLC’s holdings in Synaptics were worth $297,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Synaptics during the 4th quarter worth about $40,261,000. UBS Group AG increased its stake in shares of Synaptics by 26.8% in the 4th quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock valued at $12,031,000 after acquiring an additional 22,308 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Synaptics in the 4th quarter valued at about $549,000. Goldman Sachs Group Inc. increased its stake in shares of Synaptics by 34.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker’s stock valued at $44,520,000 after acquiring an additional 100,150 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Synaptics by 3.4% in the 4th quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock valued at $156,718,000 after acquiring an additional 44,548 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp lowered their target price on Synaptics from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Craig Hallum cut their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 9th. Needham & Company LLC cut their price objective on Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, TD Cowen cut their price objective on Synaptics from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Synaptics has a consensus rating of “Moderate Buy” and an average price target of $105.44.

Synaptics Stock Down 0.6 %

SYNA stock opened at $73.36 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -27.07 and a beta of 1.47. The business’s fifty day moving average price is $78.92 and its two-hundred day moving average price is $87.39. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm had revenue of $247.40 million for the quarter, compared to analysts’ expectations of $245.17 million. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. On average, equities analysts anticipate that Synaptics Incorporated will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Vikram Gupta sold 1,008 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total value of $80,640.00. Following the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 3,135 shares of company stock worth $252,381 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.