LS Investment Advisors LLC boosted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,775 shares of the software maker’s stock after buying an additional 421 shares during the period. LS Investment Advisors LLC’s holdings in Synaptics were worth $143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Synaptics during the first quarter worth about $1,485,000. Russell Investments Group Ltd. raised its position in Synaptics by 47.7% in the first quarter. Russell Investments Group Ltd. now owns 193,627 shares of the software maker’s stock worth $9,585,000 after buying an additional 62,536 shares during the last quarter. Profit Investment Management LLC raised its position in Synaptics by 31.4% in the first quarter. Profit Investment Management LLC now owns 19,964 shares of the software maker’s stock worth $988,000 after buying an additional 4,769 shares during the last quarter. Cardinal Capital Management raised its position in Synaptics by 2.0% in the first quarter. Cardinal Capital Management now owns 14,906 shares of the software maker’s stock worth $738,000 after buying an additional 286 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Synaptics by 54,423.5% in the first quarter. Acadian Asset Management LLC now owns 9,269 shares of the software maker’s stock worth $459,000 after buying an additional 9,252 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Synaptics Incorporated (SYNA) traded down 5.71% during mid-day trading on Thursday, reaching $40.13. 824,310 shares of the company traded hands. The firm has a market cap of $1.39 billion, a PE ratio of 29.29 and a beta of 1.13. Synaptics Incorporated has a one year low of $40.05 and a one year high of $69.45. The stock’s 50-day moving average price is $52.85 and its 200-day moving average price is $53.67.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $426.49 million. During the same quarter last year, the firm earned $0.46 EPS. Synaptics’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts forecast that Synaptics Incorporated will post $4.71 earnings per share for the current fiscal year.

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A number of research firms have issued reports on SYNA. Needham & Company LLC reissued a “buy” rating and set a $65.00 target price on shares of Synaptics in a research note on Friday, June 9th. Vetr lowered shares of Synaptics from a “hold” rating to a “sell” rating and set a $57.50 target price for the company. in a research note on Wednesday, June 7th. BidaskClub raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. 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. Finally, Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Synaptics in a research note on Friday, July 28th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently 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 Synaptics stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total value of $524,250.00. Following the transaction, the director now owns 16,166 shares of the company’s stock, valued at $904,002.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rick Bergman sold 10,000 shares of Synaptics stock in a transaction that occurred on Wednesday, May 31st. The shares were 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. 3.60% of the stock is 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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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