California Public Employees Retirement System Increases Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

California Public Employees Retirement System lifted its position in Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,435 shares of the software maker’s stock after purchasing an additional 3,163 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Synaptics worth $23,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. purchased a new position in Synaptics during the fourth quarter worth about $39,000. Sageworth Trust Co of South Dakota purchased a new position in Synaptics during the fourth quarter worth about $43,000. Ellevest Inc. boosted its stake in Synaptics by 210.8% during the fourth quarter. Ellevest Inc. now owns 230 shares of the software maker’s stock worth $67,000 after buying an additional 156 shares during the period. Syquant Capital Sas purchased a new position in Synaptics during the fourth quarter worth about $72,000. Finally, Koshinski Asset Management Inc. boosted its stake in Synaptics by 23.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 260 shares of the software maker’s stock worth $75,000 after buying an additional 50 shares during the period. 91.93% of the stock is owned by hedge funds and other institutional investors.

SYNA stock opened at $145.21 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.80 and a debt-to-equity ratio of 0.85. Synaptics Incorporated has a twelve month low of $117.00 and a twelve month high of $299.39. The company’s 50 day moving average is $182.40 and its two-hundred day moving average is $222.73. The stock has a market cap of $5.75 billion, a P/E ratio of 30.44 and a beta of 1.34.

Synaptics (NASDAQ:SYNAGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.20. Synaptics had a net margin of 12.17% and a return on equity of 34.97%. The company had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $464.65 million. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. On average, equities research analysts predict that Synaptics Incorporated will post 10.9 earnings per share for the current year.

SYNA has been the topic of several research reports. Susquehanna reduced their price target on shares of Synaptics from $320.00 to $240.00 in a research report on Friday, May 6th. Needham & Company LLC reduced their price target on shares of Synaptics from $340.00 to $265.00 in a research report on Friday, May 6th. TheStreet cut shares of Synaptics from a “b” rating to a “c+” rating in a research report on Monday, February 7th. Wells Fargo & Company initiated coverage on shares of Synaptics in a research report on Thursday, April 7th. They set an “equal weight” rating and a $185.00 price target on the stock. Finally, Zacks Investment Research raised shares of Synaptics from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $243.85.

In other news, Director Kiva A. Allgood sold 196 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $155.61, for a total transaction of $30,499.56. Following the transaction, the director now directly owns 6,654 shares in the company, valued at $1,035,428.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dean Warren Butler sold 1,126 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $155.61, for a total transaction of $175,216.86. Following the transaction, the insider now owns 26,651 shares in the company, valued at $4,147,162.11. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

About Synaptics (Get Rating)

Synaptics Incorporated develops and supplies semiconductor products and solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

See Also

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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