New York State Teachers Retirement System Has $3.52 Million Stake in Synaptics Incorporated (NASDAQ:SYNA)

New York State Teachers Retirement System decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 45,306 shares of the software maker’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Synaptics were worth $3,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Synaptics by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,547 shares of the software maker’s stock worth $352,000 after purchasing an additional 310 shares during the period. CWC Advisors LLC. bought a new stake in Synaptics in the third quarter valued at about $297,000. Cardinal Capital Management increased its stake in Synaptics by 20.1% in the third quarter. Cardinal Capital Management now owns 26,705 shares of the software maker’s stock valued at $2,072,000 after acquiring an additional 4,465 shares during the period. nVerses Capital LLC increased its stake in Synaptics by 75.0% in the third quarter. nVerses Capital LLC now owns 2,800 shares of the software maker’s stock valued at $217,000 after acquiring an additional 1,200 shares during the period. Finally, Creative Planning increased its stake in Synaptics by 113.4% in the third quarter. Creative Planning now owns 8,942 shares of the software maker’s stock valued at $694,000 after acquiring an additional 4,752 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Trading Up 4.2 %

Shares of NASDAQ SYNA opened at $72.18 on Thursday. The company’s 50 day simple moving average is $73.93 and its 200 day simple moving average is $82.51. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The firm has a market capitalization of $2.88 billion, a P/E ratio of 23.28 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) last announced its quarterly earnings data 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. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The business had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. During the same period in the prior year, the business posted $0.01 earnings per share. Synaptics’s revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that Synaptics Incorporated will post 0.81 EPS for the current year.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of the stock in a transaction on Wednesday, August 28th. The shares were 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 in the company, valued at approximately $3,663,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 5,609 shares of company stock worth $448,720 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

SYNA has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Synaptics in a research note on Thursday, October 31st. Craig Hallum lowered their target price on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. TD Cowen lowered their target price on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC decreased their price objective on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Susquehanna decreased their price objective on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.00.

About Synaptics

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.