Synaptics Incorporated $SYNA Shares Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC boosted its position in Synaptics Incorporated (NASDAQ:SYNA) by 813.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,072 shares of the software maker’s stock after purchasing an additional 32,123 shares during the quarter. Two Sigma Securities LLC’s holdings in Synaptics were worth $4,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYNA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Synaptics by 10.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,332 shares of the software maker’s stock worth $9,855,000 after purchasing an additional 7,383 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Synaptics by 37.6% during the second quarter. Van ECK Associates Corp now owns 21,942 shares of the software maker’s stock valued at $2,726,000 after buying an additional 5,993 shares during the last quarter. Mint Tower Capital Management B.V. bought a new stake in shares of Synaptics during the second quarter valued at approximately $709,000. Glenview Trust Co acquired a new position in shares of Synaptics during the second quarter worth approximately $2,085,000. Finally, Empowered Funds LLC acquired a new position in shares of Synaptics during the second quarter worth approximately $863,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lisa Bodensteiner sold 6,056 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.62, for a total value of $627,522.72. Following the sale, the insider owned 78,634 shares of the company’s stock, valued at approximately $8,148,055.08. The trade was a 7.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Esther Song sold 437 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $103.68, for a total value of $45,308.16. Following the completion of the sale, the insider owned 14,683 shares of the company’s stock, valued at approximately $1,522,333.44. This trade represents a 2.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 15,867 shares of company stock worth $1,624,996. 0.50% of the stock is owned by company insiders.

Synaptics Stock Performance

Synaptics stock opened at $95.08 on Monday. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a market capitalization of $3.72 billion, a PE ratio of -7.52 and a beta of 1.99. The firm has a 50 day simple moving average of $113.13 and a 200-day simple moving average of $103.80.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. The firm had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share. As a group, equities research analysts expect that Synaptics Incorporated will post 1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SYNA has been the topic of several analyst reports. Rosenblatt Securities lowered their target price on Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Mizuho increased their price target on Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.91.

Synaptics 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.