Moody National Bank Trust Division Invests $1.13 Million in Synaptics Incorporated (NASDAQ:SYNA)

Moody National Bank Trust Division bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,765 shares of the software maker's stock, valued at approximately $1,132,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SYNA. Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics during the 4th quarter valued at about $31,000. Menard Financial Group LLC bought a new position in Synaptics in the fourth quarter worth approximately $37,000. Aster Capital Management DIFC Ltd bought a new position in Synaptics in the fourth quarter worth approximately $43,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Synaptics in the fourth quarter worth approximately $72,000. Finally, Sterling Capital Management LLC boosted its holdings in Synaptics by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock worth $88,000 after acquiring an additional 1,031 shares in the last quarter. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

NASDAQ:SYNA traded down $1.03 during trading hours on Friday, reaching $58.60. The stock had a trading volume of 447,843 shares, compared to its average volume of 475,843. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The stock has a 50 day simple moving average of $56.68 and a 200 day simple moving average of $68.62. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The stock has a market cap of $2.26 billion, a P/E ratio of 13.85 and a beta of 1.67.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.03 million. During the same period last year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SYNA has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price target on shares of Synaptics in a research report on Thursday, February 27th. Finally, Mizuho decreased 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of "Buy" and an average price target 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.