State Treasurer State of Michigan decreased its position in Synaptics Incorporated (NASDAQ:SYNA) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,100 shares of the software maker’s stock after selling 300 shares during the period. State Treasurer State of Michigan’s holdings in Synaptics were worth $729,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its stake in Synaptics by 1.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,093 shares of the software maker’s stock worth $302,000 after buying an additional 78 shares during the period. Aperio Group LLC increased its stake in Synaptics by 1.2% in the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock worth $364,000 after buying an additional 84 shares during the period. Texas Permanent School Fund increased its stake in Synaptics by 0.6% in the first quarter. Texas Permanent School Fund now owns 25,600 shares of the software maker’s stock worth $1,267,000 after buying an additional 146 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Synaptics by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,266 shares of the software maker’s stock worth $607,000 after buying an additional 200 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Synaptics by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 58,080 shares of the software maker’s stock worth $2,876,000 after buying an additional 217 shares during the period. 93.01% of the stock is owned by institutional investors.

Synaptics Incorporated (NASDAQ:SYNA) traded down 5.50% during mid-day trading on Thursday, reaching $40.22. The company’s stock had a trading volume of 928,568 shares. The stock has a market cap of $1.39 billion, a PE ratio of 29.36 and a beta of 1.13. The company has a 50 day moving average of $52.85 and a 200-day moving average of $53.67. Synaptics Incorporated has a 52-week low of $40.01 and a 52-week high of $69.45.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million for the quarter, compared to the consensus estimate of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Equities analysts forecast that Synaptics Incorporated will post $4.71 earnings per share for the current year.

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A number of research firms have recently weighed in on SYNA. BidaskClub downgraded Synaptics from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $45.00 price target (down from $48.00) on shares of Synaptics in a research note on Monday, July 17th. Vetr downgraded Synaptics from a “hold” rating to a “sell” rating and set a $57.50 price target for the company. in a research note on Wednesday, June 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $56.00 price target on shares of Synaptics in a research note on Thursday, July 20th. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “buy” rating and cut their price target for the stock from $62.00 to $55.00 in a research note on Friday, August 4th. Seven research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.43.

In related news, Director Jeffrey D. Buchanan sold 9,375 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the sale, the director now owns 16,166 shares of the company’s stock, valued at $904,002.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rick Bergman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total value of $556,100.00. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

About Synaptics

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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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