22,026 Shares in Synaptics Incorporated (NASDAQ:SYNA) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 22,026 shares of the software maker's stock, valued at approximately $1,403,000. Jackson Creek Investment Advisors LLC owned 0.06% of Synaptics as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SYNA. Toronto Dominion Bank bought a new position in shares of Synaptics during the 4th quarter worth approximately $152,895,000. Norges Bank bought a new stake in shares of Synaptics during the fourth quarter worth $43,481,000. Groupama Asset Managment acquired a new stake in shares of Synaptics in the fourth quarter valued at $38,160,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Synaptics in the first quarter valued at $31,801,000. Finally, Deutsche Bank AG increased its stake in shares of Synaptics by 341.9% in the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock valued at $14,455,000 after buying an additional 146,540 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SYNA shares. Needham & Company LLC started coverage on Synaptics in a research note on Friday, May 9th. They issued a "buy" rating and a $80.00 target price for the company. Mizuho dropped their target price 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 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $93.75.

Synaptics Trading Up 1.6%

Shares of Synaptics stock traded up $1.04 during trading on Monday, reaching $67.26. 429,160 shares of the company were exchanged, compared to its average volume of 491,837. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $93.64. The company has a quick ratio of 2.34, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 58.60 and a beta of 1.70. The business has a 50-day moving average price of $64.34 and a 200-day moving average price of $65.46.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 EPS 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 analyst estimates of $265.03 million. Synaptics had a return on equity of 3.16% and a net margin of 15.90%. The company's quarterly 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. Sell-side analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current fiscal 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.