PensionDanmark Pensionsforsikringsaktieselskab Purchases Shares of 8,000 Synaptics Incorporated $SYNA

PensionDanmark Pensionsforsikringsaktieselskab acquired a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,000 shares of the software maker’s stock, valued at approximately $994,000.

Several other hedge funds also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Synaptics by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock worth $5,780,000 after purchasing an additional 4,917 shares in the last quarter. M&T Bank Corp bought a new stake in Synaptics during the second quarter worth approximately $205,000. First Trust Advisors LP boosted its holdings in Synaptics by 9.8% during the second quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after buying an additional 5,393 shares in the last quarter. Marshall Wace LLP grew its position in Synaptics by 472.1% in the second quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock worth $5,801,000 after buying an additional 73,848 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Synaptics by 9.1% in the second quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after buying an additional 1,939 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SYNA. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Friday, July 17th. Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Monday, June 29th. Needham & Company LLC downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Rosenblatt Securities decreased their price target on Synaptics from $160.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $123.91.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $79,462.36. Following the transaction, the insider owned 84,126 shares in the company, valued at $9,660,188.58. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the sale, the insider directly owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,649 shares of company stock valued at $1,603,484 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Synaptics Stock Performance

Shares of Synaptics stock opened at $104.71 on Tuesday. The stock has a market cap of $4.05 billion, a PE ratio of -8.28 and a beta of 1.99. The business has a fifty day simple moving average of $123.00 and a 200-day simple moving average of $102.28. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.02. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.Synaptics’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. On average, sell-side analysts anticipate that Synaptics Incorporated will post 1.75 EPS for the current fiscal year.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.