UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Synaptics Incorporated $SYNA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 10.3% in the second quarter, HoldingsChannel.com reports. The fund owned 79,332 shares of the software maker’s stock after acquiring an additional 7,383 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Synaptics were worth $9,855,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. State of Michigan Retirement System lifted its holdings in shares of Synaptics by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock worth $654,000 after purchasing an additional 100 shares during the period. LPL Financial LLC increased its holdings in Synaptics by 3.9% in the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock worth $238,000 after buying an additional 121 shares during the period. ABS Investment Management LLC acquired a new position in Synaptics in the 2nd quarter worth approximately $310,575,000. Northwestern Mutual Investment Management Company LLC raised its position in Synaptics by 1.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock worth $646,000 after buying an additional 132 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in Synaptics by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock worth $315,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SYNA shares. Craig Hallum set a $105.00 price objective on shares of Synaptics in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Monday, June 29th. Wells Fargo & Company lowered their price target on shares of Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Susquehanna cut their price target on Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Synaptics currently has a consensus rating of “Hold” and an average target price of $123.91.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 4,277 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $103.65, for a total transaction of $443,311.05. Following the transaction, the insider directly owned 103,468 shares of the company’s stock, valued at $10,724,458.20. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Lisa Bodensteiner sold 6,056 shares of Synaptics stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $103.62, for a total transaction of $627,522.72. Following the completion of the sale, the insider owned 78,634 shares in the company, valued at approximately $8,148,055.08. This trade represents a 7.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 15,867 shares of company stock valued at $1,624,996. 0.50% of the stock is owned by company insiders.

Synaptics Price Performance

NASDAQ:SYNA opened at $98.99 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The company has a 50 day moving average price of $109.74 and a 200-day moving average price of $104.04. Synaptics Incorporated has a 1-year low of $58.28 and a 1-year high of $149.11. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -7.83 and a beta of 1.94.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Synaptics Incorporated will post 1.98 EPS for the current year.

Synaptics Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.