Synaptics Incorporated (NASDAQ:SYNA) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 169.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,722 shares of the software maker’s stock after acquiring an additional 134,945 shares during the quarter. BNP Paribas Financial Markets owned about 0.54% of Synaptics worth $16,388,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Synaptics by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock valued at $847,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System increased its position in Synaptics by 2.1% during the fourth quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker’s stock worth $728,000 after buying an additional 200 shares during the period. Arizona State Retirement System lifted its stake in Synaptics by 1.8% in the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker’s stock valued at $883,000 after buying an additional 200 shares during the last quarter. Bridge City Capital LLC grew its position in shares of Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker’s stock worth $1,718,000 after acquiring an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker’s stock worth $624,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Stock Up 0.1 %

Synaptics stock opened at $59.83 on Friday. The stock’s 50 day moving average price is $57.30 and its 200 day moving average price is $69.83. Synaptics Incorporated has a 1-year low of $41.80 and a 1-year high of $98.00. The company has a market cap of $2.34 billion, a PE ratio of 14.14 and a beta of 1.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. The business had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Synaptics

In other news, insider Ken Rizvi purchased 3,600 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This represents a 14.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SYNA has been the subject of a number of recent research reports. Needham & Company LLC started coverage on shares of Synaptics in a research note on Friday. They set a “buy” rating and a $80.00 price target for the company. Mizuho decreased their target price on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Rosenblatt Securities restated a “buy” rating and issued a $105.00 price target on shares of Synaptics in a research report on Thursday, February 27th. Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Susquehanna lifted their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.89.

About Synaptics

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.