TimesSquare Capital Management LLC lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 42.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,410 shares of the software maker's stock after selling 224,925 shares during the quarter. TimesSquare Capital Management LLC owned 0.77% of Synaptics worth $19,206,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Bridge City Capital LLC lifted its position in shares of Synaptics by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock worth $1,718,000 after purchasing an additional 201 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Synaptics by 151.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after purchasing an additional 269 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Synaptics by 1.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,345 shares of the software maker's stock worth $1,629,000 after purchasing an additional 323 shares during the last quarter. CWM LLC lifted its position in shares of Synaptics by 32.2% during the 1st quarter. CWM LLC now owns 1,403 shares of the software maker's stock worth $89,000 after purchasing an additional 342 shares during the last quarter. Finally, Xponance Inc. lifted its position in shares of Synaptics by 7.2% during the 4th quarter. Xponance Inc. now owns 5,703 shares of the software maker's stock worth $435,000 after purchasing an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SYNA. Needham & Company LLC began 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. Mizuho cut their target price on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $93.75.
Read Our Latest Analysis on SYNA
Synaptics Stock Down 1.1%
Shares of NASDAQ SYNA opened at $67.54 on Tuesday. The stock has a market cap of $2.60 billion, a PE ratio of 16.35 and a beta of 1.70. The company has a quick ratio of 2.34, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00. The business has a 50-day moving average price of $63.55 and a 200 day moving average price of $65.85.
Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.05. Synaptics had a return on equity of 3.16% and a net margin of 15.90%. The firm had revenue of $266.60 million during the quarter, compared to analysts' expectations of $265.03 million. During the same period in the prior year, the firm earned $0.53 EPS. The business's revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Synaptics Incorporated will post 0.96 earnings per share for the current year.
Synaptics Company Profile
(
Free Report)
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.
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