14,257 Shares in Synaptics Incorporated (NASDAQ:SYNA) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has acquired 14,257 shares of Synaptics Incorporated (NASDAQ:SYNA), valued at approximately $908,000, in the first quarter.
• Synaptics reported a 12.3% increase in revenue compared to the same quarter last year, with earnings per share surpassing analysts' expectations.
• Analysts have set a consensus rating of "Buy" for Synaptics, with an average target price of $93.75, indicating optimism about the company's performance.

GSA Capital Partners LLP bought a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,257 shares of the software maker's stock, valued at approximately $908,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Synaptics by 1.0% during the 4th quarter. Ameriprise Financial Inc. now owns 4,979,894 shares of the software maker's stock worth $380,059,000 after purchasing an additional 51,498 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Synaptics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after purchasing an additional 93,155 shares during the period. Toronto Dominion Bank bought a new position in Synaptics in the 4th quarter worth about $152,895,000. FMR LLC boosted its stake in Synaptics by 0.9% during the fourth quarter. FMR LLC now owns 1,891,227 shares of the software maker's stock valued at $144,338,000 after buying an additional 16,337 shares during the period. Finally, Trigran Investments Inc. grew its holdings in shares of Synaptics by 5.9% during the fourth quarter. Trigran Investments Inc. now owns 1,072,222 shares of the software maker's stock worth $81,832,000 after purchasing an additional 59,647 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC initiated coverage on shares of Synaptics in a research report on Friday, May 9th. They issued 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $93.75.

Synaptics Trading Down 0.6%

Synaptics stock traded down $0.35 during mid-day trading on Tuesday, hitting $61.75. The company's stock had a trading volume of 157,434 shares, compared to its average volume of 533,512. Synaptics Incorporated has a one year low of $41.80 and a one year high of $89.81. The company has a 50 day moving average of $64.79 and a 200-day moving average of $64.39. The stock has a market cap of $2.38 billion, a PE ratio of 14.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.34 and a current ratio of 2.88.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Synaptics had a net margin of 15.90% and a return on equity of 3.16%. The business had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.03 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics Profile

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.