AQR Capital Management LLC Has $5.52 Million Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

AQR Capital Management LLC increased its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,756 shares of the software maker's stock after purchasing an additional 7,418 shares during the quarter. AQR Capital Management LLC owned 0.18% of Synaptics worth $5,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in Synaptics during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Synaptics during the fourth quarter valued at approximately $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Synaptics during the fourth quarter worth approximately $72,000. Sterling Capital Management LLC increased its position in Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock valued at $88,000 after acquiring an additional 1,031 shares during the period. Finally, KBC Group NV increased its position in Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after acquiring an additional 837 shares during the period. Institutional investors and hedge funds own 99.43% of the company's stock.

Wall Street Analysts Forecast Growth

SYNA has been the subject of several research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 target price on shares of Synaptics in a research note on Thursday, February 27th. Needham & Company LLC assumed coverage on shares of Synaptics in a research report on Friday. They set a "buy" rating and a $80.00 price objective for the company. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Mizuho reduced their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Finally, Susquehanna upped their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $93.75.

Synaptics Stock Up 8.6%

NASDAQ SYNA traded up $5.17 on Monday, reaching $65.00. The stock had a trading volume of 819,314 shares, compared to its average volume of 471,015. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 15.37 and a beta of 1.67. The business has a 50 day moving average price of $57.30 and a 200 day moving average price of $69.80. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $265.03 million. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. Synaptics's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

About Synaptics

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.