2,850 Shares in Synaptics Incorporated (NASDAQ:SYNA) Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,850 shares of the software maker’s stock, valued at approximately $147,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock worth $207,921,000 after buying an additional 4,182,029 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Synaptics by 18.2% in the first quarter. Ameriprise Financial Inc. now owns 4,351,207 shares of the software maker’s stock worth $215,426,000 after buying an additional 671,478 shares in the last quarter. FMR LLC increased its position in shares of Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock worth $25,441,000 after buying an additional 408,500 shares in the last quarter. Morgan Stanley increased its position in shares of Synaptics by 180.2% in the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock worth $30,206,000 after buying an additional 392,375 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Synaptics by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,117,448 shares of the software maker’s stock worth $203,855,000 after buying an additional 346,309 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Shares of Synaptics Incorporated (NASDAQ:SYNA) opened at 40.27 on Friday. Synaptics Incorporated has a 12 month low of $40.01 and a 12 month high of $69.45. The firm’s 50-day moving average price is $52.34 and its 200-day moving average price is $53.57. The company has a market cap of $1.39 billion, a PE ratio of 29.39 and a beta of 1.13.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter last year, the firm earned $0.46 EPS. Synaptics’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts predict that Synaptics Incorporated will post $4.60 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on SYNA shares. Vetr upgraded Synaptics from a “hold” rating to a “buy” rating and set a $57.50 target price on the stock in a report on Wednesday, May 17th. Zacks Investment Research downgraded Synaptics from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Craig Hallum dropped their target price on Synaptics from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Needham & Company LLC upped their target price on Synaptics from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, BidaskClub upgraded Synaptics from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Synaptics has a consensus rating of “Hold” and an average price target of $57.43.

In other Synaptics news, Director Jeffrey D. Buchanan sold 9,375 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the transaction, the director now owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total value of $556,100.00. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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