Radnor Capital Management LLC Acquires New Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Radnor Capital Management LLC bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,010 shares of the software maker's stock, valued at approximately $256,000.

Several other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in Synaptics by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker's stock worth $4,671,000 after acquiring an additional 727 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Synaptics by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock worth $847,000 after buying an additional 200 shares during the period. Van ECK Associates Corp lifted its stake in Synaptics by 211.4% during the fourth quarter. Van ECK Associates Corp now owns 5,754 shares of the software maker's stock valued at $439,000 after buying an additional 3,906 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Synaptics by 2.1% in the fourth quarter. Rhumbline Advisers now owns 134,478 shares of the software maker's stock worth $10,263,000 after buying an additional 2,752 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Synaptics by 16.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,878 shares of the software maker's stock worth $2,204,000 after acquiring an additional 4,133 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.

Synaptics Stock Down 2.1%

Shares of NASDAQ:SYNA traded down $1.38 during midday trading on Wednesday, hitting $64.64. 209,896 shares of the stock were exchanged, compared to its average volume of 482,445. The company has a market capitalization of $2.49 billion, a PE ratio of 15.26 and a beta of 1.68. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week 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. The business's fifty day simple moving average is $56.76 and its two-hundred day simple moving average is $68.10.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $265.03 million. During the same period in the previous year, the company earned $0.53 EPS. The firm's revenue was up 12.3% on a year-over-year basis. As a group, research analysts predict that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho cut their target price on shares of 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 price target on shares of Synaptics in a report on Thursday, February 27th. Finally, Needham & Company LLC assumed coverage on Synaptics in a research note on Friday, May 9th. They issued a "buy" rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.