Victory Capital Management Inc. Has $41.15 Million Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Victory Capital Management Inc. grew its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 11.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,727 shares of the software maker's stock after purchasing an additional 67,975 shares during the quarter. Victory Capital Management Inc. owned approximately 1.65% of Synaptics worth $41,146,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SYNA. Brown Brothers Harriman & Co. bought a new position in Synaptics during the fourth quarter worth about $31,000. Parallel Advisors LLC increased its position in Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after acquiring an additional 269 shares during the period. Menard Financial Group LLC bought a new position in Synaptics during the fourth quarter worth about $37,000. Aster Capital Management DIFC Ltd bought a new position in Synaptics during the fourth quarter worth about $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in Synaptics during the fourth quarter worth about $72,000. 99.43% of the stock is owned by institutional investors.

Synaptics Price Performance

Synaptics stock traded down $0.38 during trading hours on Tuesday, reaching $66.88. 163,129 shares of the stock were exchanged, compared to its average volume of 490,566. The company has a market cap of $2.58 billion, a P/E ratio of 16.16 and a beta of 1.70. The company has a current ratio of 2.88, a quick ratio of 2.34 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $93.64. The stock has a 50 day moving average of $64.34 and a two-hundred day moving average of $65.46.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.05. Synaptics had a net margin of 15.90% and a return on equity of 3.16%. The firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period in the prior year, the company posted $0.53 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SYNA. Needham & Company LLC began coverage on shares of Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 price target on the stock. Mizuho lowered their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, 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.