Amalgamated Bank increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,956 shares of the software maker’s stock after acquiring an additional 137 shares during the quarter. Amalgamated Bank’s holdings in Synaptics were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Probity Advisors Inc. increased its position in Synaptics by 1.0% during the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock worth $390,000 after acquiring an additional 75 shares during the period. Aperio Group LLC increased its position in Synaptics by 1.2% during the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock worth $364,000 after acquiring an additional 84 shares during the period. Public Employees Retirement System of Ohio increased its position in Synaptics by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 58,080 shares of the software maker’s stock worth $2,876,000 after acquiring an additional 217 shares during the period. Meeder Asset Management Inc. increased its position in Synaptics by 1.8% during the second quarter. Meeder Asset Management Inc. now owns 14,653 shares of the software maker’s stock worth $757,000 after acquiring an additional 257 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Synaptics by 4.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,360 shares of the software maker’s stock worth $342,000 after acquiring an additional 267 shares during the period. 97.74% of the stock is currently owned by institutional investors and hedge funds.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The company had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.49 million. During the same quarter last year, the business earned $0.46 earnings per share. Synaptics’s revenue was up 31.7% on a year-over-year basis.

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A number of brokerages recently issued reports on SYNA. Cowen and Company set a $60.00 target price on shares of Synaptics and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. BidaskClub lowered shares of Synaptics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. dropped their target price on shares of Synaptics from $45.00 to $35.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.16.

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.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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