Synaptics Incorporated (NASDAQ:SYNA) Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 88.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,993 shares of the software maker’s stock after buying an additional 75,680 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.41% of Synaptics worth $14,200,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SYNA. Truist Financial Corp purchased a new stake in shares of Synaptics in the fourth quarter valued at about $212,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Synaptics in the 4th quarter valued at approximately $426,000. Panagora Asset Management Inc. grew its holdings in Synaptics by 193.2% during the 4th quarter. Panagora Asset Management Inc. now owns 50,287 shares of the software maker’s stock valued at $5,737,000 after buying an additional 33,134 shares during the last quarter. Managed Asset Portfolios LLC increased its position in Synaptics by 6.2% during the fourth quarter. Managed Asset Portfolios LLC now owns 3,210 shares of the software maker’s stock worth $366,000 after buying an additional 186 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Synaptics by 273.2% in the fourth quarter. Great Lakes Advisors LLC now owns 28,392 shares of the software maker’s stock worth $3,239,000 after acquiring an additional 20,784 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Stock Down 5.0 %

Shares of NASDAQ SYNA opened at $71.38 on Friday. The stock has a market capitalization of $2.82 billion, a PE ratio of -26.34 and a beta of 1.47. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average of $82.20 and a 200-day moving average of $89.80. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The firm had revenue of $247.40 million during the quarter, compared to the consensus estimate of $245.17 million. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, analysts anticipate that Synaptics Incorporated will post 0.72 EPS for the current year.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 1,008 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total value of $80,640.00. Following the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 3,652 shares of company stock valued at $300,226. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SYNA. KeyCorp dropped their price objective on Synaptics from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. TD Cowen cut their price objective on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Craig Hallum reduced their price objective on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their target price on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC reduced their price target on Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.44.

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.