Neuburgh Advisers LLC grew its stake in shares of Synaptics, Incorporated (NASDAQ:SYNA) by 34.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,496 shares of the software maker’s stock after acquiring an additional 1,152 shares during the period. Neuburgh Advisers LLC’s holdings in Synaptics were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SYNA. Canada Pension Plan Investment Board lifted its position in shares of Synaptics by 326.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 335,681 shares of the software maker’s stock valued at $9,782,000 after acquiring an additional 257,049 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Synaptics during the 1st quarter valued at approximately $9,559,000. Carlson Capital L P lifted its position in shares of Synaptics by 41.9% during the 2nd quarter. Carlson Capital L P now owns 735,427 shares of the software maker’s stock valued at $21,430,000 after acquiring an additional 217,172 shares during the period. First Midwest Bank Trust Division raised its position in shares of Synaptics by 111.7% during the 2nd quarter. First Midwest Bank Trust Division now owns 274,080 shares of the software maker’s stock worth $7,987,000 after purchasing an additional 144,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Synaptics by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,741,214 shares of the software maker’s stock worth $64,791,000 after purchasing an additional 142,207 shares during the last quarter. Institutional investors own 95.82% of the company’s stock.

In other Synaptics news, Director Nelson C. Chan sold 6,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.25, for a total value of $199,500.00. Following the completion of the transaction, the director now directly owns 39,449 shares in the company, valued at approximately $1,311,679.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Several research analysts recently issued reports on the company. Craig Hallum downgraded Synaptics from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $28.00 in a research report on Friday, August 9th. BidaskClub upgraded Synaptics from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Mizuho restated a “hold” rating and set a $35.00 price objective on shares of Synaptics in a research report on Sunday, August 11th. Finally, Dougherty & Co upgraded Synaptics from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.33.

SYNA traded up $0.62 during trading on Friday, hitting $38.96. The company’s stock had a trading volume of 11,222 shares, compared to its average volume of 454,413. The firm’s 50 day moving average price is $33.18 and its 200-day moving average price is $33.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 2.25. The stock has a market cap of $1.27 billion, a PE ratio of 15.48 and a beta of 0.96. Synaptics, Incorporated has a twelve month low of $26.34 and a twelve month high of $47.87.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.47. The company had revenue of $295.10 million during the quarter, compared to the consensus estimate of $307.27 million. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. Synaptics’s revenue was down 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. Equities analysts anticipate that Synaptics, Incorporated will post 1.63 earnings per share for the current year.

About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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