Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 341.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,398 shares of the software maker's stock after buying an additional 146,540 shares during the quarter. Deutsche Bank AG owned approximately 0.47% of Synaptics worth $14,455,000 at the end of the most recent reporting period.

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

Synaptics Trading Down 2.2%

Shares of SYNA stock traded down $1.46 during mid-day trading on Monday, hitting $63.79. 338,353 shares of the company's stock were exchanged, compared to its average volume of 472,875. The stock has a 50-day simple moving average of $57.39 and a two-hundred day simple moving average of $69.56. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 15.08 and a beta of 1.67.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.05. The firm had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. Synaptics's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Equities analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

SYNA has been the subject of several research analyst reports. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Rosenblatt Securities reiterated a "buy" rating and set a $105.00 target price on shares of Synaptics in a research note on Thursday, February 27th. Mizuho reduced their price objective on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Susquehanna boosted their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC initiated coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of "Buy" and an average price target of $93.75.

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.