Thrivent Financial for Lutherans Raises Stake in Synaptics, Incorporated (SYNA)

Thrivent Financial for Lutherans increased its stake in Synaptics, Incorporated (NASDAQ:SYNA) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,982 shares of the software maker’s stock after buying an additional 633 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Synaptics were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYNA. Fisher Asset Management LLC boosted its holdings in shares of Synaptics by 36.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,283,764 shares of the software maker’s stock valued at $47,769,000 after buying an additional 342,909 shares during the last quarter. Vanguard Group Inc lifted its holdings in Synaptics by 9.2% during the 3rd quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Synaptics by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Synaptics during the fourth quarter worth $7,814,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Synaptics by 106.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 288,096 shares of the software maker’s stock worth $10,720,000 after buying an additional 148,594 shares in the last quarter. 99.19% of the stock is owned by institutional investors.

Synaptics stock opened at $38.84 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.15 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.62 and a beta of 0.90. Synaptics, Incorporated has a one year low of $31.65 and a one year high of $55.25.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, February 7th. The software maker reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.62. The company had revenue of $425.50 million for the quarter, compared to analyst estimates of $421.54 million. Synaptics had a return on equity of 15.38% and a net margin of 0.09%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. Equities analysts predict that Synaptics, Incorporated will post 2.94 earnings per share for the current fiscal year.

SYNA has been the topic of a number of recent research reports. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, February 7th. ValuEngine raised Synaptics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 26th. BidaskClub lowered Synaptics from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Mizuho reissued a “buy” rating on shares of Synaptics in a research note on Friday, February 8th. Finally, Rosenblatt Securities reissued a “hold” rating on shares of Synaptics in a research note on Saturday, February 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Synaptics has an average rating of “Hold” and an average price target of $48.55.

In related news, insider Kermit Nolan sold 10,000 shares of Synaptics stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the transaction, the insider now directly owns 65,611 shares of the company’s stock, valued at $2,722,200.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

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Synaptics Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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