Guggenheim Capital LLC trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNA – Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,379 shares of the software maker’s stock after selling 5,032 shares during the period. Guggenheim Capital LLC’s holdings in Synaptics were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Raymond James & Associates raised its holdings in Synaptics by 48.6% during the 1st quarter. Raymond James & Associates now owns 4,571 shares of the software maker’s stock valued at $912,000 after buying an additional 1,495 shares during the period. PNC Financial Services Group Inc. raised its holdings in Synaptics by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after buying an additional 128 shares during the period. Bank of Montreal Can raised its holdings in Synaptics by 27.5% during the 1st quarter. Bank of Montreal Can now owns 3,829 shares of the software maker’s stock valued at $809,000 after buying an additional 826 shares during the period. Great West Life Assurance Co. Can grew its position in Synaptics by 10.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 22,202 shares of the software maker’s stock valued at $4,558,000 after acquiring an additional 2,052 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Synaptics by 114.0% in the 1st quarter. Vontobel Holding Ltd. now owns 5,372 shares of the software maker’s stock valued at $1,072,000 after acquiring an additional 2,862 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Synaptics
In other Synaptics news, insider Saleel Awsare sold 7,669 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $91.16, for a total value of $699,106.04. Following the completion of the sale, the insider now directly owns 26,362 shares in the company, valued at $2,403,159.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Synaptics news, insider Saleel Awsare sold 7,669 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $91.16, for a total value of $699,106.04. Following the completion of the sale, the insider now directly owns 26,362 shares in the company, valued at $2,403,159.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Mcfarland sold 946 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $91.70, for a total value of $86,748.20. Following the completion of the sale, the insider now owns 10,379 shares of the company’s stock, valued at $951,754.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,084 shares of company stock worth $1,267,017. 0.97% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on SYNA
Synaptics Trading Up 1.7 %
Shares of NASDAQ SYNA opened at $89.04 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.89 and a quick ratio of 4.36. The stock has a market capitalization of $3.44 billion, a P/E ratio of 49.19 and a beta of 1.55. Synaptics Incorporated has a 1-year low of $67.73 and a 1-year high of $142.14. The business has a fifty day moving average price of $88.65 and a 200 day moving average price of $93.18.
Synaptics (NASDAQ:SYNA – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.22. The firm had revenue of $227.30 million during the quarter, compared to analysts’ expectations of $224.34 million. Synaptics had a return on equity of 17.11% and a net margin of 5.43%. The firm’s quarterly revenue was down 52.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 EPS. Equities research analysts expect that Synaptics Incorporated will post 0.55 EPS for the current fiscal year.
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.
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