Twinbeech Capital LP Buys 26,373 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Twinbeech Capital LP grew its position in Synaptics Incorporated (NASDAQ:SYNA) by 183.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,759 shares of the software maker’s stock after purchasing an additional 26,373 shares during the period. Twinbeech Capital LP owned about 0.10% of Synaptics worth $3,111,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its position in Synaptics by 189.7% in the third quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after buying an additional 53,252 shares in the last quarter. KBC Group NV grew its stake in Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after buying an additional 837 shares during the last quarter. Retirement Systems of Alabama grew its stake in Synaptics by 1.2% during the fourth quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker’s stock worth $4,671,000 after buying an additional 727 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock worth $847,000 after buying an additional 200 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Synaptics by 211.4% during the fourth quarter. Van ECK Associates Corp now owns 5,754 shares of the software maker’s stock worth $439,000 after buying an additional 3,906 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on SYNA shares. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Needham & Company LLC started coverage on shares of Synaptics in a research note on Friday, May 9th. They set a “buy” rating and a $80.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Mizuho decreased their price objective on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Finally, Susquehanna upped their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $93.75.

Synaptics Trading Up 1.9%

SYNA stock opened at $65.00 on Wednesday. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $98.00. The company has a market cap of $2.51 billion, a P/E ratio of 15.37 and a beta of 1.67. The business has a fifty day moving average of $57.48 and a 200-day moving average of $69.49.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.03 million. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. As a group, equities research analysts expect that Synaptics Incorporated will post 0.96 EPS for the current year.

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.