Aperio Group LLC Has $364,000 Position in Synaptics Incorporated (SYNA)
Aperio Group LLC boosted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,042 shares of the software maker’s stock after buying an additional 84 shares during the period. Aperio Group LLC’s holdings in Synaptics were worth $364,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in shares of Synaptics by 18.2% in the first quarter. Ameriprise Financial Inc. now owns 4,351,207 shares of the software maker’s stock worth $215,426,000 after buying an additional 671,478 shares in the last quarter. BlackRock Inc. increased its stake in shares of Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock worth $207,921,000 after buying an additional 4,182,029 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Synaptics by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,117,448 shares of the software maker’s stock worth $203,855,000 after buying an additional 346,309 shares in the last quarter. State Street Corp increased its stake in shares of Synaptics by 5.1% in the first quarter. State Street Corp now owns 1,305,079 shares of the software maker’s stock worth $64,617,000 after buying an additional 63,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Synaptics by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 994,827 shares of the software maker’s stock worth $49,254,000 after buying an additional 114,715 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.
Shares of Synaptics Incorporated (SYNA) traded up 0.58% during trading on Wednesday, hitting $41.71. 152,150 shares of the stock traded hands. The company has a 50-day moving average of $48.08 and a 200-day moving average of $52.31. The firm has a market cap of $1.41 billion, a P/E ratio of 30.45 and a beta of 1.13. Synaptics Incorporated has a 52 week low of $38.50 and a 52 week high of $69.45.
Synaptics (NASDAQ:SYNA) last posted its 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. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. On average, analysts forecast that Synaptics Incorporated will post $4.61 EPS for the current fiscal year.
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A number of analysts recently weighed in on SYNA shares. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 price target on shares of Synaptics in a research report on Friday, June 9th. Zacks Investment Research cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub raised Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Cowen and Company set a $75.00 target price on Synaptics and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Synaptics in a research note on Monday, June 26th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.97.
In other Synaptics news, Director Jeffrey D. Buchanan sold 9,375 shares of Synaptics stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the sale, the director now owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.
Synaptics Company Profile
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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