MUFG Securities EMEA plc boosted its stake in Synaptics, Incorporated (NASDAQ:SYNA) by 65.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,678 shares of the software maker’s stock after purchasing an additional 4,600 shares during the quarter. MUFG Securities EMEA plc’s holdings in Synaptics were worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC grew its holdings in Synaptics by 34.4% in the second quarter. Meadow Creek Investment Management LLC now owns 9,554 shares of the software maker’s stock valued at $278,000 after purchasing an additional 2,448 shares during the period. Glen Harbor Capital Management LLC grew its holdings in Synaptics by 34.4% in the second quarter. Glen Harbor Capital Management LLC now owns 6,182 shares of the software maker’s stock valued at $180,000 after purchasing an additional 1,584 shares during the period. Elkfork Partners LLC lifted its position in Synaptics by 34.4% during the second quarter. Elkfork Partners LLC now owns 7,868 shares of the software maker’s stock valued at $229,000 after buying an additional 2,016 shares in the last quarter. Northern Trust Corp lifted its position in Synaptics by 2.5% during the second quarter. Northern Trust Corp now owns 553,287 shares of the software maker’s stock valued at $16,123,000 after buying an additional 13,349 shares in the last quarter. Finally, Neuburgh Advisers LLC lifted its position in Synaptics by 34.4% during the second quarter. Neuburgh Advisers LLC now owns 4,496 shares of the software maker’s stock valued at $131,000 after buying an additional 1,152 shares in the last quarter. Hedge funds and other institutional investors own 95.82% of the company’s stock.

A number of research analysts have weighed in on the stock. Mizuho reaffirmed a “hold” rating and set a $35.00 price target on shares of Synaptics in a research report on Sunday, August 11th. Rosenblatt Securities reaffirmed a “hold” rating and set a $42.00 price target on shares of Synaptics in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Synaptics in a research report on Sunday, August 11th. Zacks Investment Research cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets lifted their price target on shares of Synaptics from $29.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.33.

Shares of NASDAQ SYNA traded up $0.78 during trading on Friday, reaching $39.12. 17,105 shares of the stock were exchanged, compared to its average volume of 454,413. The business’s 50-day moving average price is $33.18 and its 200 day moving average price is $33.82. Synaptics, Incorporated has a twelve month low of $26.34 and a twelve month high of $47.87. The company has a quick ratio of 2.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 15.60 and a beta of 0.96.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 8th. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.47. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. The business had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $307.27 million. During the same period in the previous year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was down 24.0% compared to the same quarter last year. As a group, sell-side analysts expect that Synaptics, Incorporated will post 1.63 earnings per share for the current fiscal year.

In other news, Director Nelson C. Chan sold 6,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.25, for a total transaction of $199,500.00. Following the transaction, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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