Synaptics Incorporated (SYNA) Stake Lessened by Voya Investment Management LLC
Voya Investment Management LLC cut its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 508,409 shares of the software maker’s stock after selling 34,285 shares during the period. Voya Investment Management LLC owned approximately 1.47% of Synaptics worth $26,289,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in SYNA. BlackRock Inc. raised its position in shares of Synaptics by 23,834.7% during the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock worth $207,921,000 after purchasing an additional 4,182,029 shares during the period. Ameriprise Financial Inc. raised its position in shares of Synaptics by 16.0% during the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock worth $261,064,000 after purchasing an additional 697,328 shares during the period. FMR LLC raised its position in shares of Synaptics by 387.8% during the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock worth $25,441,000 after purchasing an additional 408,500 shares during the period. Morgan Stanley raised its position in shares of Synaptics by 180.2% during the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock worth $30,206,000 after purchasing an additional 392,375 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Synaptics by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,117,448 shares of the software maker’s stock worth $203,855,000 after purchasing an additional 346,309 shares during the period. 97.74% of the stock is currently owned by institutional investors.
Synaptics Incorporated (NASDAQ SYNA) opened at 39.18 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of 28.60 and a beta of 1.14. The firm has a 50-day moving average price of $41.88 and a 200-day moving average price of $50.46. Synaptics Incorporated has a 52 week low of $37.39 and a 52 week high of $69.45.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.49 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts predict that Synaptics Incorporated will post $4.61 EPS for the current year.
A number of brokerages have recently issued reports on SYNA. Stifel Nicolaus reaffirmed a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $35.00 target price on shares of Synaptics in a research report on Thursday, September 14th. KeyCorp reaffirmed an “overweight” rating on shares of Synaptics in a research report on Thursday, September 14th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, August 31st. Finally, BidaskClub lowered Synaptics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Seven analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.09.
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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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