Alliancebernstein L.P. Reduces Position in Synaptics Incorporated (SYNA)

Alliancebernstein L.P. decreased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,144 shares of the software maker’s stock after selling 3,620 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Synaptics worth $2,955,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Synaptics by 34.4% during the second quarter. Wells Fargo & Company MN now owns 181,834 shares of the software maker’s stock worth $9,403,000 after acquiring an additional 46,526 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Synaptics during the second quarter worth $1,592,000. AMG National Trust Bank boosted its position in shares of Synaptics by 6.5% during the second quarter. AMG National Trust Bank now owns 17,590 shares of the software maker’s stock worth $909,000 after acquiring an additional 1,080 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Synaptics by 51.0% during the second quarter. Kennedy Capital Management Inc. now owns 97,776 shares of the software maker’s stock worth $5,056,000 after acquiring an additional 33,007 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Synaptics by 5.6% during the second quarter. LSV Asset Management now owns 115,723 shares of the software maker’s stock worth $5,984,000 after acquiring an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Alliancebernstein L.P. Reduces Position in Synaptics Incorporated (SYNA)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/alliancebernstein-l-p-reduces-position-in-synaptics-incorporated-syna.html.

Synaptics Incorporated (NASDAQ SYNA) opened at 36.97 on Wednesday. Synaptics Incorporated has a 1-year low of $36.64 and a 1-year high of $69.45. The stock has a market cap of $1.25 billion, a P/E ratio of 26.99 and a beta of 1.20. The company has a 50-day moving average of $39.50 and a 200 day moving average of $49.21.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. Synaptics’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Analysts predict that Synaptics Incorporated will post $4.48 EPS for the current year.

A number of equities analysts recently weighed in on SYNA shares. Cowen and Company set a $75.00 target price on shares of Synaptics and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Synaptics in a research report on Friday, July 28th. Rosenblatt Securities restated a “buy” rating and set a $70.00 target price on shares of Synaptics in a research report on Monday, June 26th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “buy” rating and dropped their target price for the stock from $62.00 to $55.00 in a research report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a sell rating, f

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Synaptics by 34.4% during the second quarter. Wells Fargo & Company MN now owns 181,834 shares of the software maker’s stock worth $9,403,000 after acquiring an additional 46,526 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Synaptics during the second quarter worth $1,592,000. AMG National Trust Bank boosted its position in shares of Synaptics by 6.5% during the second quarter. AMG National Trust Bank now owns 17,590 shares of the software maker’s stock worth $909,000 after acquiring an additional 1,080 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Synaptics by 51.0% during the second quarter. Kennedy Capital Management Inc. now owns 97,776 shares of the software maker’s stock worth $5,056,000 after acquiring an additional 33,007 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Synaptics by 5.6% during the second quarter. LSV Asset Management now owns 115,723 shares of the software maker’s stock worth $5,984,000 after acquiring an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Alliancebernstein L.P. Reduces Position in Synaptics Incorporated (SYNA)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/alliancebernstein-l-p-reduces-position-in-synaptics-incorporated-syna.html.

Synaptics Incorporated (NASDAQ SYNA) opened at 36.97 on Wednesday. Synaptics Incorporated has a 1-year low of $36.64 and a 1-year high of $69.45. The stock has a market cap of $1.25 billion, a P/E ratio of 26.99 and a beta of 1.20. The company has a 50-day moving average of $39.50 and a 200 day moving average of $49.21.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. Synaptics’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Analysts predict that Synaptics Incorporated will post $4.48 EPS for the current year.

A number of equities analysts recently weighed in on SYNA shares. Cowen and Company set a $75.00 target price on shares of Synaptics and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Synaptics in a research report on Friday, July 28th. Rosenblatt Securities restated a “buy” rating and set a $70.00 target price on shares of Synaptics in a research report on Monday, June 26th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “buy” rating and dropped their target price for the stock from $62.00 to $55.00 in a research report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.09.

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.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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