Jackson Creek Investment Advisors LLC Buys New Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bridge City Capital LLC boosted its holdings in Synaptics by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock valued at $1,718,000 after acquiring an additional 201 shares during the period. Parallel Advisors LLC boosted its holdings in Synaptics by 151.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock valued at $28,000 after acquiring an additional 269 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Synaptics by 1.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,345 shares of the software maker's stock valued at $1,629,000 after acquiring an additional 323 shares during the period. CWM LLC boosted its holdings in Synaptics by 32.2% during the 1st quarter. CWM LLC now owns 1,403 shares of the software maker's stock valued at $89,000 after acquiring an additional 342 shares during the period. Finally, Xponance Inc. boosted its holdings in Synaptics by 7.2% during the 4th quarter. Xponance Inc. now owns 5,703 shares of the software maker's stock valued at $435,000 after acquiring an additional 382 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SYNA. Mizuho dropped their price objective on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Needham & Company LLC began coverage on Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 price objective for the company. 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, the stock has an average rating of "Buy" and a consensus price target of $93.75.

Synaptics Stock Up 0.5%

Shares of SYNA traded up $0.37 on Friday, reaching $67.37. The stock had a trading volume of 17,104 shares, compared to its average volume of 488,213. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 16.40 and a beta of 1.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.34 and a current ratio of 2.88. The company has a 50-day simple moving average of $64.21 and a 200-day simple moving average of $65.72. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $96.29.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its 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 during 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%. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Sell-side analysts predict 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.

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