DekaBank Deutsche Girozentrale boosted its position in Synaptics Incorporated (NASDAQ:SYNA) by 30.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,442 shares of the software maker’s stock after buying an additional 22,819 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Synaptics were worth $5,086,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in 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 during the period. Ameriprise Financial Inc. boosted its position in 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 during the period. FMR LLC boosted its position in Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock worth $25,441,000 after buying an additional 408,500 shares during the period. Morgan Stanley boosted its position in Synaptics by 180.2% in the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock worth $30,206,000 after buying an additional 392,375 shares during the period. Finally, Vanguard Group Inc. boosted its position in 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 during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Shares of Synaptics Incorporated (NASDAQ SYNA) opened at 42.02 on Wednesday. Synaptics Incorporated has a 52 week low of $39.89 and a 52 week high of $69.45. The company has a 50-day moving average of $50.81 and a 200 day moving average of $53.19. The firm has a market capitalization of $1.46 billion, a P/E ratio of 30.67 and a beta of 1.13.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that Synaptics Incorporated will post $4.60 earnings per share for the current year.

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A number of equities analysts have issued reports on SYNA shares. Vetr upgraded Synaptics from a “hold” rating to a “buy” rating and set a $57.50 target price for the company in a report on Wednesday, May 17th. Zacks Investment Research cut Synaptics from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Craig Hallum lowered their target price on Synaptics from $65.00 to $62.00 and set a “hold” rating for the company in a report on Friday, April 28th. BidaskClub upgraded Synaptics from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Needham & Company LLC increased their target price on Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Hold” and an average price target of $57.43.

In other Synaptics news, Director Jeffrey D. Buchanan sold 9,375 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were 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 directly owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rick Bergman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total transaction of $556,100.00. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

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.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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