Mutual of America Capital Management LLC Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Mutual of America Capital Management LLC decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,231 shares of the software maker’s stock after selling 28,080 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Synaptics worth $2,764,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Synaptics by 6.9% during the 2nd quarter. BlackRock Inc. now owns 5,323,437 shares of the software maker’s stock worth $454,515,000 after acquiring an additional 341,905 shares in the last quarter. Vanguard Group Inc. lifted its stake in Synaptics by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker’s stock valued at $419,691,000 after buying an additional 72,044 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Synaptics by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker’s stock valued at $369,500,000 after buying an additional 116,276 shares in the last quarter. State Street Corp lifted its stake in Synaptics by 12.8% in the 2nd quarter. State Street Corp now owns 1,911,228 shares of the software maker’s stock valued at $163,181,000 after buying an additional 217,460 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Synaptics by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker’s stock valued at $118,885,000 after buying an additional 39,352 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the sale, the insider now directly owns 31,847 shares in the company, valued at approximately $3,367,820.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SYNA. Rosenblatt Securities upped their target price on Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Needham & Company LLC upped their target price on Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, February 9th. TD Cowen upped their target price on Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Mizuho reduced their price target on Synaptics from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Finally, Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.36.

Synaptics Trading Down 2.0 %

SYNA stock opened at $81.69 on Friday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -41.05 and a beta of 1.56. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $99.88 and a 200-day simple moving average of $101.29. Synaptics Incorporated has a 52 week low of $67.73 and a 52 week high of $121.37.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The business’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. On average, equities research analysts expect that Synaptics Incorporated will post -0.48 EPS for the current year.

Synaptics 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.