PensionDanmark Pensionsforsikringsaktieselskab Takes $994,000 Position in Synaptics Incorporated $SYNA

PensionDanmark Pensionsforsikringsaktieselskab purchased a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the software maker’s stock, valued at approximately $994,000.

Several other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of Synaptics during the second quarter worth $25,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares during the period. Leonteq Securities AG acquired a new position in shares of Synaptics in the 4th quarter valued at about $43,000. Lazard Asset Management LLC bought a new stake in shares of Synaptics during the 2nd quarter valued at about $54,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Synaptics during the 4th quarter valued at about $70,000. 99.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Esther Song sold 8,833 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value 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 approximately $1,753,472.57. This represents a 41.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total transaction of $79,462.36. Following the completion of the sale, the insider directly owned 84,126 shares of the company’s stock, valued at approximately $9,660,188.58. This represents a 0.82% 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. Over the last ninety days, insiders have sold 11,649 shares of company stock valued at $1,603,484. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SYNA. Rosenblatt Securities dropped their price objective on shares of Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their target price on Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Friday. Craig Hallum set a $105.00 target price on Synaptics in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.91.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $104.71 on Tuesday. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11. The company has a market cap of $4.05 billion, a PE ratio of -8.28 and a beta of 1.99. The stock has a 50 day simple moving average of $123.00 and a 200-day simple moving average of $102.28. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 6th. The software maker reported $1.23 EPS 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 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 revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, equities research analysts forecast that Synaptics Incorporated will post 1.75 EPS for the current 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.