Register Financial Advisors LLC Invests $76,000 in Synaptics Incorporated (NASDAQ:SYNA)

Register Financial Advisors LLC acquired a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 1st quarter, Holdings Channel.com reports. The firm acquired 780 shares of the software maker’s stock, valued at approximately $76,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Synaptics by 1,255.2% in the 4th quarter. Victory Capital Management Inc. now owns 394,383 shares of the software maker’s stock valued at $44,991,000 after acquiring an additional 365,282 shares during the period. Norges Bank purchased a new position in shares of Synaptics in the 4th quarter valued at $40,261,000. The Manufacturers Life Insurance Company increased its holdings in shares of Synaptics by 49.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 437,966 shares of the software maker’s stock valued at $39,172,000 after acquiring an additional 144,252 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Synaptics by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker’s stock valued at $369,500,000 after acquiring an additional 116,276 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Synaptics by 34.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker’s stock valued at $44,520,000 after acquiring an additional 100,150 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Synaptics Stock Performance

SYNA traded up $1.31 on Friday, reaching $88.20. 435,736 shares of the stock were exchanged, compared to its average volume of 291,982. The company’s 50-day moving average price is $90.44 and its 200 day moving average price is $99.74. Synaptics Incorporated has a fifty-two week low of $73.38 and a fifty-two week high of $121.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.32 and a quick ratio of 4.78. The firm has a market capitalization of $3.48 billion, a PE ratio of -32.06 and a beta of 1.48.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 9th. The software maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $235.17 million. Synaptics had a negative return on equity of 0.90% and a negative net margin of 11.30%. The firm’s revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, sell-side analysts forecast that Synaptics Incorporated will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SYNA shares. Needham & Company LLC lowered their price objective on Synaptics from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 10th. TD Cowen lowered their price objective on Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, May 10th. KeyCorp lowered their price objective on Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Finally, Wells Fargo & Company lowered their price objective on Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Synaptics currently has an average rating of “Moderate Buy” and an average price target of $117.67.

Synaptics 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.