F M Investments LLC Invests $6.14 Million in Synaptics Incorporated (NASDAQ:SYNA)

F M Investments LLC acquired a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,584 shares of the software maker's stock, valued at approximately $6,137,000. F M Investments LLC owned approximately 0.18% of Synaptics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SYNA. Victory Capital Management Inc. raised its stake in shares of Synaptics by 1,255.2% during the fourth quarter. Victory Capital Management Inc. now owns 394,383 shares of the software maker's stock worth $44,991,000 after purchasing an additional 365,282 shares during the last quarter. Norges Bank acquired a new stake in shares of Synaptics during the 4th quarter worth $40,261,000. Bank of New York Mellon Corp grew its stake in Synaptics by 18.1% during the second quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker's stock worth $111,053,000 after buying an additional 193,182 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Synaptics during the 1st quarter valued at about $13,065,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Synaptics by 34.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker's stock worth $44,520,000 after buying an additional 100,150 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Cowen decreased their target price on Synaptics from $115.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Craig Hallum dropped their price target on Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company lowered their target price on Synaptics from $115.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Friday, May 10th. Needham & Company LLC reduced their price objective on shares of Synaptics from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Synaptics has a consensus rating of "Moderate Buy" and a consensus price target of $105.44.

Synaptics Stock Performance

NASDAQ SYNA traded up $0.55 on Friday, hitting $81.42. 824,510 shares of the stock were exchanged, compared to its average volume of 301,513. The business's fifty day moving average is $83.40 and its 200 day moving average is $91.06. Synaptics Incorporated has a 52 week low of $67.83 and a 52 week high of $121.37. The company has a market capitalization of $3.22 billion, a PE ratio of -30.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The firm had revenue of $247.40 million for the quarter, compared to analysts' expectations of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The business's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. Research analysts anticipate that Synaptics Incorporated will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at Synaptics

In related news, insider Vikram Gupta sold 1,008 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total value of $80,640.00. Following the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,652 shares of company stock valued at $300,226 in the last three months. Corporate insiders own 1.20% of the company's stock.

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.