Deroy & Devereaux Private Investment Counsel Inc. Purchases 14,181 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,003 shares of the software maker's stock after buying an additional 14,181 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned 0.49% of Synaptics worth $14,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYNA. GAMMA Investing LLC grew its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after acquiring an additional 267 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Synaptics during the 2nd quarter valued at $67,000. Innealta Capital LLC bought a new position in shares of Synaptics during the 2nd quarter valued at $83,000. CWM LLC raised its position in Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after purchasing an additional 423 shares during the period. Finally, nVerses Capital LLC bought a new stake in Synaptics in the second quarter worth $141,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of the business'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 sale, the insider now directly owns 45,789 shares of the company's stock, valued at approximately $3,663,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 5,609 shares of company stock valued at $448,720 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

Synaptics Stock Up 2.3 %

SYNA traded up $1.55 on Friday, hitting $70.22. The company had a trading volume of 250,389 shares, compared to its average volume of 306,391. The firm has a market capitalization of $2.80 billion, a P/E ratio of 22.68 and a beta of 1.46. The stock has a fifty day simple moving average of $74.70 and a 200-day simple moving average of $82.90. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37. 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 issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The company had revenue of $247.40 million during the quarter, compared to analysts' expectations of $245.17 million. During the same period last year, the company posted $0.01 EPS. Synaptics's revenue was up 8.8% on a year-over-year basis. As a group, equities analysts expect that Synaptics Incorporated will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SYNA. TD Cowen decreased their price objective on Synaptics from $115.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 9th. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Craig Hallum cut their target price on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Susquehanna lowered their price target on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a report on Monday, October 21st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $130.00 price objective on shares of Synaptics in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.

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.