O Shaughnessy Asset Management LLC Has $781,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

O Shaughnessy Asset Management LLC lowered its position in Synaptics Incorporated (NASDAQ:SYNA) by 27.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,023 shares of the software maker’s stock after selling 1,858 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Synaptics were worth $781,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd raised its stake in Synaptics by 46.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 415 shares of the software maker’s stock valued at $56,000 after buying an additional 131 shares during the period. Captrust Financial Advisors raised its stake in Synaptics by 71.1% in the first quarter. Captrust Financial Advisors now owns 1,148 shares of the software maker’s stock valued at $155,000 after buying an additional 477 shares during the period. Nisa Investment Advisors LLC raised its stake in Synaptics by 33.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,200 shares of the software maker’s stock valued at $187,000 after buying an additional 300 shares during the period. Full Sail Capital LLC bought a new stake in Synaptics in the first quarter valued at approximately $209,000. Finally, HighTower Advisors LLC bought a new stake in Synaptics in the second quarter valued at approximately $253,000. Hedge funds and other institutional investors own 92.47% of the company’s stock.

In other Synaptics news, Director Jeffrey D. Buchanan sold 2,302 shares of the company’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $188.43, for a total value of $433,765.86. Following the completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $2,345,953.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Mcfarland sold 5,382 shares of the company’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $188.43, for a total value of $1,014,130.26. The disclosure for this sale can be found here. Insiders sold 17,295 shares of company stock worth $3,176,044 over the last ninety days. 0.85% of the stock is currently owned by insiders.

Shares of NASDAQ:SYNA opened at $183.80 on Wednesday. The company’s 50 day simple moving average is $165.73 and its 200 day simple moving average is $146.46. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 87.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.50 and a quick ratio of 1.40. Synaptics Incorporated has a 1 year low of $74.47 and a 1 year high of $191.99.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 5th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. Synaptics had a net margin of 5.94% and a return on equity of 25.78%. During the same period in the previous year, the business earned $1.24 EPS. As a group, analysts anticipate that Synaptics Incorporated will post 8.49 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Craig Hallum upped their price objective on shares of Synaptics from $160.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 6th. Mizuho boosted their price objective on Synaptics from $178.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, August 23rd. BMO Capital Markets boosted their price objective on Synaptics from $140.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, August 6th. Susquehanna boosted their price objective on Synaptics from $150.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, August 6th. Finally, Rosenblatt Securities lifted their target price on Synaptics from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 31st. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Synaptics currently has an average rating of “Buy” and an average target price of $186.69.

Synaptics Company Profile

Synaptics, Inc engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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