Oregon Public Employees Retirement Fund Has $661,000 Position in Synaptics Incorporated (NASDAQ:SYNA)
Oregon Public Employees Retirement Fund raised its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,792 shares of the software maker’s stock after buying an additional 526 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Synaptics were worth $661,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. TrimTabs Asset Management LLC increased its stake in Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Synaptics during the first quarter worth $104,000. Edge Wealth Management LLC increased its stake in Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Synaptics during the first quarter worth $148,000. Finally, Envestnet Asset Management Inc. increased its stake in Synaptics by 47.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,295 shares of the software maker’s stock worth $165,000 after buying an additional 1,063 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.
Synaptics Incorporated (NASDAQ:SYNA) traded down 1.35% during trading on Monday, hitting $44.71. The stock had a trading volume of 612,088 shares. Synaptics Incorporated has a 1-year low of $43.87 and a 1-year high of $69.45. The firm’s 50-day moving average price is $54.09 and its 200-day moving average price is $54.00. The stock has a market cap of $1.53 billion, a PE ratio of 67.33 and a beta of 1.13.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, equities research analysts predict that Synaptics Incorporated will post $4.71 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the company. BidaskClub downgraded Synaptics from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets decreased their price target on Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Synaptics in a report on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective (down from $65.00) on shares of Synaptics in a report on Friday. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $62.00 to $55.00 in a report on Friday. Seven investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.43.
In other news, insider Rick Bergman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total transaction of $556,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Wajid Ali sold 555 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $56.75, for a total value of $31,496.25. Following the sale, the vice president now directly owns 15,900 shares of the company’s stock, valued at $902,325. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,930 shares of company stock valued at $1,111,846. Corporate insiders own 3.60% of the company’s stock.
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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