Teacher Retirement System of Texas raised its position in Synaptics Inc. (NASDAQ:SYNA) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,076 shares of the company’s stock after buying an additional 612 shares during the period. Teacher Retirement System of Texas’ holdings in Synaptics were worth $273,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of SYNA. Capital Fund Management S.A. purchased a new stake in shares of Synaptics during the second quarter valued at about $13,155,000. Cambiar Investors LLC increased its stake in shares of Synaptics by 6.0% in the second quarter. Cambiar Investors LLC now owns 613,223 shares of the company’s stock valued at $32,961,000 after buying an additional 34,827 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Synaptics during the second quarter valued at about $241,000. 1st Global Advisors Inc. increased its stake in shares of Synaptics by 9.7% in the second quarter. 1st Global Advisors Inc. now owns 8,874 shares of the company’s stock valued at $477,000 after buying an additional 784 shares during the period. Finally, Hancock Holding Co. increased its stake in shares of Synaptics by 5.7% in the first quarter. Hancock Holding Co. now owns 9,695 shares of the company’s stock valued at $773,000 after buying an additional 525 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Synaptics Inc. (NASDAQ:SYNA) opened at 66.38 on Monday. The firm has a 50-day moving average price of $59.68 and a 200-day moving average price of $62.36. The company has a market capitalization of $2.31 billion, a PE ratio of 34.75 and a beta of 1.76. Synaptics Inc. has a 1-year low of $47.09 and a 1-year high of $94.48.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $323.90 million for the quarter, compared to the consensus estimate of $318.48 million. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. The company’s revenue for the quarter was down 32.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. Equities analysts anticipate that Synaptics Inc. will post $5.18 earnings per share for the current year.
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a $71.00 target price on shares of Synaptics in a research note on Wednesday, July 20th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Synaptics in a research note on Sunday, July 10th. Pacific Crest reiterated a “sector perform” rating on shares of Synaptics in a research note on Monday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 target price (down from $88.00) on shares of Synaptics in a research note on Friday, July 29th. Finally, Zacks Investment Research upgraded Synaptics from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, August 30th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Synaptics presently has an average rating of “Hold” and a consensus target price of $76.83.
In other news, insider Ritu Favre sold 3,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.09, for a total transaction of $173,020.31. Following the sale, the insider now directly owns 12,360 shares in the company, valued at $656,192.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $58.29, for a total value of $582,900.00. Following the sale, the insider now owns 82,491 shares in the company, valued at $4,808,400.39. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.