Nomura Holdings Inc. Takes $775,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

Nomura Holdings Inc. purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,153 shares of the software maker's stock, valued at approximately $775,000.

A number of other institutional investors have also modified their holdings of SYNA. Brown Brothers Harriman & Co. acquired a new stake in shares of Synaptics in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Synaptics during the fourth quarter worth approximately $43,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Synaptics during the fourth quarter worth approximately $72,000. Sterling Capital Management LLC raised its stake in Synaptics by 811.8% during the 4th 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. Finally, KBC Group NV raised its stake in Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after acquiring an additional 837 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Price Performance

Shares of NASDAQ SYNA traded down $1.84 on Friday, hitting $58.86. The company's stock had a trading volume of 279,664 shares, compared to its average volume of 473,489. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.91 and a beta of 1.67. The stock has a 50 day moving average of $57.26 and a 200-day moving average of $69.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued 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. The business had revenue of $266.60 million during the quarter, compared to analysts' expectations of $265.03 million. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, research analysts predict that Synaptics Incorporated will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SYNA. Needham & Company LLC started coverage on Synaptics in a research note on Friday, May 9th. They set a "buy" rating and a $80.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Mizuho reduced their target price on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. One 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. According to MarketBeat.com, Synaptics currently has an average rating of "Buy" and a consensus 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.