Synaptics Incorporated (NASDAQ:SYNA) Stock Position Increased by Deutsche Bank AG

Deutsche Bank AG grew 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 (SEC). The institutional investor owned 189,398 shares of the software maker's stock after purchasing an additional 146,540 shares during the period. Deutsche Bank AG owned approximately 0.47% of Synaptics worth $14,455,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SYNA. Norges Bank purchased a new stake in Synaptics during the fourth quarter worth approximately $43,481,000. Groupama Asset Managment purchased a new stake in shares of Synaptics in the fourth quarter worth about $38,160,000. TimesSquare Capital Management LLC raised its holdings in shares of Synaptics by 46.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock valued at $40,170,000 after buying an additional 165,866 shares during the period. Peregrine Capital Management LLC boosted its holdings in Synaptics by 210.0% in the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock worth $15,633,000 after acquiring an additional 138,748 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Synaptics by 169.2% during the fourth quarter. BNP Paribas Financial Markets now owns 214,722 shares of the software maker's stock valued at $16,388,000 after purchasing an additional 134,945 shares during the period. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

SYNA stock traded down $0.26 during midday trading on Wednesday, reaching $64.74. The company had a trading volume of 62,588 shares, compared to its average volume of 471,059. The firm has a market capitalization of $2.50 billion, a PE ratio of 15.31 and a beta of 1.67. The stock has a 50 day moving average price of $57.48 and a 200 day moving average price of $69.49. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00. 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 (NASDAQ:SYNA - Get Free Report) last posted its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.05. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The company had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. During the same period last year, the business posted $0.53 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SYNA shares. Needham & Company LLC began coverage on shares of Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 price objective on the stock. Susquehanna raised their price target 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. Mizuho reduced their price objective on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price 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.