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

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

Several other institutional investors have also recently modified their holdings of SYNA. Louisiana State Employees Retirement System lifted its holdings in Synaptics by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of Synaptics by 2.1% during the fourth quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock valued at $728,000 after buying an additional 200 shares during the period. Arizona State Retirement System lifted its stake in shares of Synaptics by 1.8% during the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock valued at $883,000 after buying an additional 200 shares during the period. Bridge City Capital LLC boosted its position in Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock worth $1,718,000 after acquiring an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC grew its stake in Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock worth $624,000 after acquiring an additional 212 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Trading Up 1.1%

Shares of NASDAQ:SYNA traded up $0.68 during trading on Wednesday, reaching $62.74. 121,113 shares of the stock were exchanged, compared to its average volume of 476,858. The firm's 50-day moving average price is $56.53 and its 200 day moving average price is $68.46. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 14.83 and a beta of 1.67. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. The company had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.03 million. During the same period in the previous year, the firm earned $0.53 earnings per share. Synaptics's revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SYNA has been the topic of a number of recent analyst reports. Mizuho reduced their price target on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. Rosenblatt Securities reiterated a "buy" rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Needham & Company LLC assumed coverage on Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus 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.