Synaptics Incorporated (SYNA) Holdings Trimmed by BlackRock Inc.

BlackRock Inc. lessened its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,036,087 shares of the software maker’s stock after selling 163,488 shares during the quarter. BlackRock Inc. owned 11.77% of Synaptics worth $208,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Synaptics in the first quarter worth about $104,000. Riverhead Capital Management LLC boosted its holdings in Synaptics by 95.0% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after acquiring an additional 1,330 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after acquiring an additional 421 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Synaptics in the second quarter worth about $147,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Synaptics in the first quarter worth about $148,000. 97.74% of the stock is owned by institutional investors and hedge funds.

Shares of Synaptics Incorporated (SYNA) opened at 38.49 on Monday. Synaptics Incorporated has a 12-month low of $36.77 and a 12-month high of $69.45. The firm has a market cap of $1.30 billion, a P/E ratio of 28.09 and a beta of 1.21. The company’s 50 day moving average price is $39.67 and its 200-day moving average price is $49.37.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts anticipate that Synaptics Incorporated will post $4.50 EPS for the current year.

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Several brokerages have weighed in on SYNA. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Synaptics in a report on Monday, June 26th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Synaptics in a report on Friday, July 28th. BidaskClub downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. BMO Capital Markets reissued a “hold” rating and issued a $56.00 price target on shares of Synaptics in a report on Thursday, July 20th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Synaptics in a report on Tuesday, June 20th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating t

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Synaptics in the first quarter worth about $104,000. Riverhead Capital Management LLC boosted its holdings in Synaptics by 95.0% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after acquiring an additional 1,330 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after acquiring an additional 421 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Synaptics in the second quarter worth about $147,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Synaptics in the first quarter worth about $148,000. 97.74% of the stock is owned by institutional investors and hedge funds.

Shares of Synaptics Incorporated (SYNA) opened at 38.49 on Monday. Synaptics Incorporated has a 12-month low of $36.77 and a 12-month high of $69.45. The firm has a market cap of $1.30 billion, a P/E ratio of 28.09 and a beta of 1.21. The company’s 50 day moving average price is $39.67 and its 200-day moving average price is $49.37.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts anticipate that Synaptics Incorporated will post $4.50 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Synaptics Incorporated (SYNA) Holdings Trimmed by BlackRock Inc.” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/synaptics-incorporated-syna-holdings-trimmed-by-blackrock-inc.html.

Several brokerages have weighed in on SYNA. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Synaptics in a report on Monday, June 26th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Synaptics in a report on Friday, July 28th. BidaskClub downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. BMO Capital Markets reissued a “hold” rating and issued a $56.00 price target on shares of Synaptics in a report on Thursday, July 20th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Synaptics in a report on Tuesday, June 20th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.09.

About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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