Synaptics, Incorporated (SYNA) Shares Bought by NJ State Employees Deferred Compensation Plan

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NJ State Employees Deferred Compensation Plan increased its position in Synaptics, Incorporated (NASDAQ:SYNA) by 5.3% during the first quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the software maker’s stock after buying an additional 1,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Synaptics were worth $795,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SYNA. Oregon Public Employees Retirement Fund raised its holdings in Synaptics by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,943 shares of the software maker’s stock valued at $519,000 after acquiring an additional 283 shares during the period. Neuburgh Advisers LLC grew its position in shares of Synaptics by 11.8% during the 4th quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock worth $124,000 after purchasing an additional 352 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Synaptics by 1.8% during the 4th quarter. Texas Permanent School Fund now owns 22,654 shares of the software maker’s stock worth $843,000 after purchasing an additional 404 shares in the last quarter. Legal & General Group Plc grew its position in shares of Synaptics by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock worth $1,515,000 after purchasing an additional 503 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Synaptics by 7.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,982 shares of the software maker’s stock worth $334,000 after purchasing an additional 633 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.

NASDAQ:SYNA traded up $0.24 on Friday, hitting $36.51. The company had a trading volume of 4,820 shares, compared to its average volume of 631,688. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 18.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.15. Synaptics, Incorporated has a 52 week low of $31.65 and a 52 week high of $55.25.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, February 7th. The software maker reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.62. The business had revenue of $425.50 million during the quarter, compared to the consensus estimate of $421.54 million. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, analysts expect that Synaptics, Incorporated will post 2.94 EPS for the current year.

Several analysts recently issued reports on the stock. Craig Hallum reiterated a “buy” rating and set a $47.00 price target (down previously from $48.00) on shares of Synaptics in a research report on Monday, April 8th. ValuEngine upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Saturday, January 19th. BidaskClub lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. lowered shares of Synaptics from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.55.

In related news, insider Kermit Nolan sold 10,000 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the transaction, the insider now owns 65,611 shares of the company’s stock, valued at approximately $2,722,200.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

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About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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