FNY Investment Advisers LLC Buys New Position in Synaptics Incorporated $SYNA

FNY Investment Advisers LLC purchased a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,500 shares of the software maker’s stock, valued at approximately $1,428,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in Synaptics by 2,384.4% in the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after acquiring an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Synaptics by 469.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after purchasing an additional 671,647 shares during the period. AQR Capital Management LLC lifted its position in shares of Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Synaptics during the fourth quarter worth $15,670,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Synaptics by 376.6% in the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

Synaptics stock opened at $102.10 on Friday. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3.95 billion, a P/E ratio of -82.34 and a beta of 1.99. The stock has a 50 day moving average of $124.23 and a 200-day moving average of $102.04.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $305.32 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, analysts expect that Synaptics Incorporated will post 1.29 EPS for the current fiscal year.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 360 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00. Following the transaction, the insider owned 81,226 shares of the company’s stock, valued at approximately $9,276,009.20. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of Synaptics stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 11,649 shares of company stock valued at $1,603,484. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities lowered shares of Synaptics from a “buy” rating to a “hold” rating and lowered their price target for the company from $180.00 to $160.00 in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Monday, June 29th. Wells Fargo & Company upped their price objective on shares of Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Susquehanna lowered their target price on Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $133.45.

About Synaptics

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.