Synaptics Incorporated (NASDAQ:SYNA) Stake Boosted by Twinbeech Capital LP

Twinbeech Capital LP boosted its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 183.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,759 shares of the software maker's stock after purchasing an additional 26,373 shares during the quarter. Twinbeech Capital LP owned approximately 0.10% of Synaptics worth $3,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SYNA. Two Sigma Investments LP boosted its holdings in shares of Synaptics by 26.9% in the 4th quarter. Two Sigma Investments LP now owns 168,814 shares of the software maker's stock valued at $12,884,000 after buying an additional 35,769 shares during the period. Toronto Dominion Bank bought a new position in Synaptics in the fourth quarter worth about $152,895,000. Point72 Hong Kong Ltd acquired a new position in Synaptics in the fourth quarter valued at approximately $751,000. ProShare Advisors LLC grew its holdings in shares of Synaptics by 43.0% during the fourth quarter. ProShare Advisors LLC now owns 13,249 shares of the software maker's stock valued at $1,011,000 after purchasing an additional 3,984 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Synaptics during the 4th quarter worth approximately $283,000. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

Shares of NASDAQ:SYNA traded down $1.84 on Monday, hitting $58.86. The company's stock had a trading volume of 279,664 shares, compared to its average volume of 473,489. 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 company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $98.00. The stock's 50-day moving average is $57.26 and its two-hundred day moving average is $69.25.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share 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 business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.03 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current year.

Analyst Ratings Changes

SYNA has been the subject of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and set a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. Mizuho reduced their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC initiated coverage on shares of Synaptics in a research report on Friday, May 9th. They issued a "buy" rating and a $80.00 price objective on the stock. One 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 presently has a consensus rating of "Buy" and a consensus price target of $93.75.

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.