Two Sigma Investments LP Has $12.88 Million Position in Synaptics Incorporated (NASDAQ:SYNA)

Two Sigma Investments LP grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 26.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,814 shares of the software maker's stock after purchasing an additional 35,769 shares during the quarter. Two Sigma Investments LP owned about 0.42% of Synaptics worth $12,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System raised its holdings in shares of Synaptics by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System raised its holdings in Synaptics by 2.1% in the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock worth $728,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System raised its holdings in Synaptics by 1.8% in the 4th quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock worth $883,000 after acquiring an additional 200 shares during the period. Bridge City Capital LLC raised its holdings in Synaptics by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock worth $1,718,000 after acquiring an additional 201 shares during the period. Finally, Inspire Advisors LLC raised its holdings in Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock worth $624,000 after acquiring an additional 212 shares during the period. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

NASDAQ SYNA traded up $0.44 during midday trading on Thursday, hitting $59.10. The company had a trading volume of 90,276 shares, compared to its average volume of 472,471. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 13.98 and a beta of 1.67. The firm has a fifty day simple moving average of $56.92 and a two-hundred day simple moving average of $68.96. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $265.03 million. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Equities analysts forecast that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SYNA. Needham & Company LLC began coverage on shares of Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. Mizuho dropped their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Finally, Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.