Virginia Retirement Systems ET AL boosted its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,300 shares of the software maker’s stock after purchasing an additional 9,900 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.16% of Synaptics worth $2,127,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hunter Associates Investment Management LLC increased its holdings in shares of Synaptics by 0.6% during the second quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock valued at $600,000 after acquiring an additional 70 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after acquiring an additional 75 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Synaptics by 1.2% during the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock valued at $364,000 after acquiring an additional 84 shares in the last quarter. CS Mckee LP increased its holdings in shares of Synaptics by 0.4% during the second quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock valued at $1,479,000 after acquiring an additional 100 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Synaptics by 2.8% during the second quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock valued at $256,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.

Synaptics Incorporated (SYNA) opened at $38.54 on Tuesday. The stock has a market capitalization of $1,321.78, a P/E ratio of 11.88, a P/E/G ratio of 0.93 and a beta of 1.19. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. Synaptics Incorporated has a 1 year low of $33.73 and a 1 year high of $64.54.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. Synaptics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. research analysts forecast that Synaptics Incorporated will post 2.8 EPS for the current year.

In other Synaptics news, insider Rick Bergman sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now owns 130,307 shares of the company’s stock, valued at $5,212,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 2,918 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now directly owns 27,281 shares in the company, valued at approximately $1,138,981.75. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the company. KeyCorp restated an “overweight” rating on shares of Synaptics in a report on Thursday, September 14th. CIBC restated an “underperform” rating and set a $35.00 price objective (down previously from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Oppenheimer restated a “sell” rating and set a $35.00 price objective on shares of Synaptics in a report on Wednesday, November 8th. Zacks Investment Research upgraded Synaptics from a “sell” rating to a “hold” rating and set a $44.00 price objective for the company in a report on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Synaptics presently has an average rating of “Hold” and an average target price of $48.03.

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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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