Phocas Financial Corp. Acquires Shares of 31,191 Synaptics Incorporated (NASDAQ:SYNA)

Phocas Financial Corp. acquired a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,191 shares of the software maker’s stock, valued at approximately $3,558,000. Phocas Financial Corp. owned approximately 0.08% of Synaptics at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Synaptics by 6.9% in the 2nd quarter. BlackRock Inc. now owns 5,323,437 shares of the software maker’s stock valued at $454,515,000 after purchasing an additional 341,905 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 72,044 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of 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 purchasing an additional 116,276 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 217,460 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Synaptics by 3.1% in the third quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker’s stock worth $118,885,000 after buying an additional 39,352 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SYNA shares. Susquehanna increased their price objective on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Mizuho lowered their price target on Synaptics from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 9th. StockNews.com upgraded Synaptics from a “sell” rating to a “hold” rating in a report on Monday, February 12th. TD Cowen increased their price target on Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, Needham & Company LLC increased their price objective on Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.36.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of Synaptics 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 transaction, the insider now directly owns 31,847 shares of the company’s stock, valued at $3,367,820.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Synaptics Stock Down 1.7 %

Shares of SYNA stock opened at $91.00 on Monday. The stock has a market cap of $3.58 billion, a P/E ratio of -45.73 and a beta of 1.56. Synaptics Incorporated has a one year low of $67.73 and a one year high of $121.37. The stock has a fifty day moving average price of $101.63 and a 200 day moving average price of $101.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $237.00 million during the quarter, compared to analysts’ expectations 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 was down 32.9% on a year-over-year basis. During the same period last year, the business earned $1.47 earnings per share. Analysts predict that Synaptics Incorporated will post -0.48 earnings per share for the current year.

Synaptics Company 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.