The Manufacturers Life Insurance Company grew its stake in shares of Synaptics, Incorporated (NASDAQ:SYNA) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 81,583 shares of the software maker’s stock after acquiring an additional 7,149 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.24% of Synaptics worth $3,258,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in SYNA. Tiedemann Wealth Management LLC lifted its position in shares of Synaptics by 17.9% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock valued at $103,000 after acquiring an additional 2,485 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Synaptics during the 3rd quarter worth $120,000. ING Groep NV bought a new stake in shares of Synaptics during the 4th quarter worth $205,000. Crossmark Global Holdings Inc. bought a new stake in shares of Synaptics during the 4th quarter worth $264,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Synaptics during the 3rd quarter worth $266,000. Hedge funds and other institutional investors own 99.98% of the company’s stock.
Several analysts recently weighed in on SYNA shares. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Synaptics in a research report on Wednesday, December 13th. Craig Hallum restated a “buy” rating and set a $49.00 price objective (up from $43.00) on shares of Synaptics in a research report on Thursday, February 8th. Stifel Nicolaus dropped their price objective on Synaptics from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, KeyCorp restated a “hold” rating on shares of Synaptics in a research report on Sunday, November 19th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.63.
Synaptics (NASDAQ:SYNA) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, beating the consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million during the quarter, compared to the consensus estimate of $430.59 million. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. equities research analysts anticipate that Synaptics, Incorporated will post 2.53 EPS for the current fiscal year.
In other news, CEO Rick Bergman sold 20,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Mcfarland sold 641 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $45.00, for a total value of $28,845.00. The disclosure for this sale can be found here. Insiders sold 23,258 shares of company stock valued at $1,147,934 over the last quarter. Corporate insiders own 3.70% of the company’s stock.
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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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