SG Americas Securities LLC Takes Position in Synaptics Incorporated (NASDAQ:SYNA)

SG Americas Securities LLC acquired a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,024 shares of the software maker's stock, valued at approximately $320,000.

Several other large investors also recently modified their holdings of the company. Radnor Capital Management LLC bought a new stake in shares of Synaptics in the first quarter worth $256,000. Parallel Advisors LLC grew its holdings in shares of Synaptics by 151.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after acquiring an additional 269 shares during the period. GAMMA Investing LLC grew its holdings in shares of Synaptics by 10,953.1% in the first quarter. GAMMA Investing LLC now owns 23,322 shares of the software maker's stock worth $1,486,000 after acquiring an additional 23,111 shares during the period. Moody National Bank Trust Division bought a new stake in shares of Synaptics in the first quarter worth $1,132,000. Finally, Wellington Management Group LLP grew its holdings in shares of Synaptics by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock worth $42,483,000 after acquiring an additional 95,432 shares during the period. Institutional investors own 99.43% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on SYNA shares. Mizuho cut 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 started coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $93.75.

Synaptics Stock Performance

NASDAQ SYNA traded down $0.85 on Friday, hitting $64.78. 516,519 shares of the company traded hands, compared to its average volume of 487,044. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.69 and a beta of 1.69. The company has a current ratio of 2.88, a quick ratio of 2.34 and a debt-to-equity ratio of 0.60. The business's 50 day moving average price is $60.92 and its 200-day moving average price is $66.52. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Synaptics had a return on equity of 3.16% and a net margin of 15.90%. The business had revenue of $266.60 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Synaptics Company 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.