11,000 Shares in Synaptics Incorporated (NASDAQ:SYNA) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Synaptics Incorporated (NASDAQ:SYNA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,000 shares of the software maker’s stock, valued at approximately $1,255,000.

Several other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in Synaptics by 1.5% during the fourth quarter. GHP Investment Advisors Inc. now owns 99,371 shares of the software maker’s stock valued at $11,336,000 after purchasing an additional 1,473 shares during the period. Peregrine Capital Management LLC grew its holdings in Synaptics by 16.2% during the fourth quarter. Peregrine Capital Management LLC now owns 64,848 shares of the software maker’s stock valued at $7,398,000 after purchasing an additional 9,047 shares during the period. Pacer Advisors Inc. grew its holdings in Synaptics by 44.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,522 shares of the software maker’s stock valued at $1,200,000 after purchasing an additional 3,256 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Synaptics during the fourth quarter valued at about $234,000. Finally, Raymond James & Associates grew its holdings in Synaptics by 57.6% during the fourth quarter. Raymond James & Associates now owns 13,942 shares of the software maker’s stock valued at $1,591,000 after purchasing an additional 5,093 shares during the period. Institutional investors own 99.43% of the company’s stock.

Synaptics Price Performance

NASDAQ:SYNA opened at $79.80 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.14 billion, a P/E ratio of -40.10 and a beta of 1.56. Synaptics Incorporated has a 12 month low of $67.73 and a 12 month high of $121.37. The business’s 50-day moving average is $98.58 and its 200 day moving average is $101.32.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The firm’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. On average, equities research analysts forecast that Synaptics Incorporated will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 3,616 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $105.75, for a total value of $382,392.00. Following the sale, the insider now directly owns 31,847 shares in the company, valued at $3,367,820.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

SYNA has been the subject of several recent research reports. TD Cowen boosted their price target on Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Mizuho cut their price target on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 9th. Susquehanna boosted their price objective on Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Rosenblatt Securities boosted their price objective on Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, KeyCorp boosted their price objective on Synaptics from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.36.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.