1,239,622 Shares in Synaptics Incorporated $SYNA Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,239,622 shares of the software maker’s stock, valued at approximately $153,998,000. William Blair Investment Management LLC owned about 3.21% of Synaptics as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in Synaptics during the first quarter worth $784,000. Intech Investment Management LLC lifted its stake in Synaptics by 186.4% in the fourth quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock valued at $5,203,000 after acquiring an additional 45,746 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Synaptics in the 2nd quarter valued at about $1,428,000. Geode Capital Management LLC grew its position in shares of Synaptics by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after acquiring an additional 17,088 shares during the period. Finally, Trigran Investments Inc. grew its position in shares of Synaptics by 4.7% in the 4th quarter. Trigran Investments Inc. now owns 692,587 shares of the software maker’s stock valued at $51,265,000 after acquiring an additional 31,150 shares during the period. Institutional investors own 99.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Lisa Bodensteiner sold 6,056 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $103.62, for a total value of $627,522.72. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Vikram Gupta sold 4,277 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $103.65, for a total transaction of $443,311.05. Following the transaction, the insider directly owned 103,468 shares in the company, valued at approximately $10,724,458.20. This represents a 3.97% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 21,115 shares of company stock valued at $2,569,887. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Mizuho raised their target price on shares of Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Rosenblatt Securities reduced their price target on Synaptics from $160.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Susquehanna lowered their price target on Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Craig Hallum set a $105.00 price objective on Synaptics in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.91.

Synaptics Stock Performance

Shares of SYNA stock opened at $97.66 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -7.72 and a beta of 1.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 1.12. The company has a 50-day simple moving average of $117.40 and a 200 day simple moving average of $103.37. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11.

Synaptics (NASDAQ:SYNA) last released 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 analysts’ expectations of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. On average, sell-side analysts predict that Synaptics Incorporated will post 1.98 earnings per share 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.