UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 14,531 Shares of Synaptics Incorporated (NASDAQ:SYNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,787 shares of the software maker's stock after purchasing an additional 14,531 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Synaptics worth $6,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SYNA. Barclays PLC boosted its holdings in shares of Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock worth $6,309,000 after purchasing an additional 53,252 shares during the period. KBC Group NV boosted its holdings in shares of Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after purchasing an additional 837 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Synaptics by 1.2% during the fourth quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker's stock worth $4,671,000 after purchasing an additional 727 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock worth $847,000 after purchasing an additional 200 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Synaptics by 211.4% during the fourth quarter. Van ECK Associates Corp now owns 5,754 shares of the software maker's stock worth $439,000 after purchasing an additional 3,906 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SYNA. Mizuho dropped their target price 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. Needham & Company LLC initiated coverage on shares of Synaptics in a report on Friday, May 9th. They issued a "buy" rating and a $80.00 price objective for the company. Finally, Rosenblatt Securities restated a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. One equities research 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $93.75.

Synaptics Stock Down 1.1%

Shares of NASDAQ SYNA traded down $0.67 on Thursday, reaching $61.81. 353,567 shares of the company's stock traded hands, compared to its average volume of 479,494. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $98.00. The business's 50 day simple moving average is $56.48 and its two-hundred day simple moving average is $68.34. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 14.61 and a beta of 1.67. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $0.53 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current fiscal 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.