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 grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,787 shares of the software maker's stock after acquiring an additional 14,531 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Synaptics worth $6,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SYNA. Brown Brothers Harriman & Co. purchased a new position in Synaptics in the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of Synaptics during the fourth quarter valued at about $43,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Synaptics in the fourth quarter worth about $72,000. Sterling Capital Management LLC lifted its stake in shares of Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock valued at $88,000 after acquiring an additional 1,031 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after acquiring an additional 837 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Synaptics Price Performance

Shares of NASDAQ SYNA traded down $0.01 during mid-day trading on Thursday, hitting $62.47. 49,891 shares of the company's stock traded hands, compared to its average volume of 477,080. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00. The company's 50-day moving average is $56.52 and its two-hundred day moving average is $68.42. The company has a market capitalization of $2.41 billion, a P/E ratio of 14.76 and a beta of 1.67.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued 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. The company had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

SYNA has been the topic of a number of analyst reports. Needham & Company LLC started coverage on Synaptics in a research note on Friday, May 9th. They issued a "buy" rating and a $80.00 price target on the stock. 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. 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. Based on data from MarketBeat, the company has an average 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.