Segall Bryant & Hamill LLC Invests $31.80 Million in Synaptics Incorporated (NASDAQ:SYNA)

Segall Bryant & Hamill LLC purchased a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 499,078 shares of the software maker's stock, valued at approximately $31,801,000. Segall Bryant & Hamill LLC owned approximately 1.27% of Synaptics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Synaptics by 151.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after acquiring an additional 269 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Synaptics during the 4th quarter valued at $31,000. Menard Financial Group LLC bought a new position in shares of Synaptics in the fourth quarter worth $37,000. Aster Capital Management DIFC Ltd bought a new position in shares of Synaptics in the fourth quarter worth $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Synaptics in the fourth quarter worth $72,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Price Performance

SYNA stock traded up $1.02 during mid-day trading on Thursday, hitting $67.02. 257,119 shares of the stock were exchanged, compared to its average volume of 488,532. The business has a fifty day moving average price of $64.07 and a 200 day moving average price of $65.78. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $97.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 2.34. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.30 and a beta of 1.70.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. Synaptics had a return on equity of 3.16% and a net margin of 15.90%. Synaptics's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. On average, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC began coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Mizuho dropped their price target on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $93.75.

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.