499,078 Shares in Synaptics Incorporated (NASDAQ:SYNA) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in Synaptics Incorporated (NASDAQ:SYNA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 499,078 shares of the software maker’s stock, valued at approximately $31,801,000. Segall Bryant & Hamill LLC owned approximately 1.27% of Synaptics at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Synaptics in the 4th quarter worth about $31,000. Parallel Advisors LLC grew its position in Synaptics by 151.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock valued at $28,000 after purchasing an additional 269 shares during the last quarter. Menard Financial Group LLC purchased a new stake in Synaptics during the 4th quarter valued at about $37,000. Aster Capital Management DIFC Ltd purchased a new stake in Synaptics during the 4th quarter valued at about $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Synaptics during the 4th quarter valued at about $72,000. 99.43% of the stock is currently owned by institutional investors.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $66.00 on Wednesday. The firm’s 50-day moving average price is $63.91 and its 200-day moving average price is $65.78. The company has a quick ratio of 2.34, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.54 billion, a PE ratio of 15.98 and a beta of 1.70. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $265.03 million. Synaptics had a net margin of 15.90% and a return on equity of 3.16%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. As a group, analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC assumed coverage on shares of Synaptics in a research report on Friday, May 9th. They set a “buy” rating and a $80.00 price objective on the stock. Mizuho cut their price objective on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $93.75.

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.