Latest Stocks: Wells Fargo & Company MN Has $6.70 Million Stake in Synaptics, Incorporated (SYNA)

Latest Stocks: Wells Fargo & Company MN Has $6.70 Million Stake in Synaptics, Incorporated (SYNA)

Wells Fargo & Company MN raised its stake in shares of Synaptics, Incorporated (NASDAQ:SYNA) by 168.0% during the first quarter, Holdings Channel reports. The institutional investor owned 135,308 shares of the software maker’s stock after buying an additional 84,817 shares during the period. Wells Fargo & Company MN’s holdings in Synaptics, were worth $6,699,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SYNA. Federated Investors Inc. PA raised its stake in Synaptics, by 6.8% in the fourth quarter. Federated Investors Inc. PA now owns 56,829 shares of the software maker’s stock valued at $3,045,000 after buying an additional 3,599 shares during the period. Dimensional Fund Advisors LP raised its stake in Synaptics, by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 880,112 shares of the software maker’s stock valued at $47,157,000 after buying an additional 73,041 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Synaptics, by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,167 shares of the software maker’s stock valued at $277,000 after buying an additional 18 shares during the period. Comerica Bank raised its stake in Synaptics, by 5.8% in the fourth quarter. Comerica Bank now owns 26,015 shares of the software maker’s stock valued at $1,397,000 after buying an additional 1,429 shares during the period. Finally, Pier 88 Investment Partners LLC purchased a new stake in Synaptics, during the fourth quarter valued at approximately $706,000. Hedge funds and other institutional investors own 92.09% of the company’s stock.

Synaptics, Incorporated (SYNA) opened at 57.80 on Tuesday. Synaptics, Incorporated has a 12-month low of $47.00 and a 12-month high of $69.45. The firm has a market capitalization of $1.98 billion, a PE ratio of 87.05 and a beta of 1.24. The company has a 50-day moving average price of $54.62 and a 200-day moving average price of $53.93.

Synaptics, (NASDAQ:SYNA) last released its earnings results on Thursday, April 27th. The software maker reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The firm had revenue of $442.20 million during the quarter, compared to analysts’ expectations of $430.19 million. Synaptics, had a return on equity of 14.02% and a net margin of 2.54%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. On average, analysts predict that Synaptics, Incorporated will post $4.90 earnings per share for the current year.

Several research firms have commented on SYNA. Vetr upgraded Synaptics, from a “hold” rating to a “buy” rating and set a $57.50 price objective for the company in a research note on Wednesday, May 17th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price objective (down from $90.00) on shares of Synaptics, in a research note on Saturday, April 29th. Needham & Company LLC boosted their price objective on Synaptics, from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Oppenheimer Holdings Inc. reiterated an “underperform” rating and set a $45.00 price objective on shares of Synaptics, in a research note on Friday, April 21st. Finally, Northland Securities upgraded Synaptics, from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Thursday, March 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.43.

In other Synaptics, news, CEO Rick Bergman sold 20,000 shares of Synaptics, stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $55.03, for a total value of $1,100,600.00. Following the completion of the sale, the chief executive officer now directly owns 115,488 shares of the company’s stock, valued at approximately $6,355,304.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of Synaptics, stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the sale, the director now directly owns 16,166 shares of the company’s stock, valued at $904,002.72. The disclosure for this sale can be found here. Insiders sold a total of 39,930 shares of company stock valued at $2,212,446 over the last ninety days. 3.60% of the stock is owned by corporate insiders. About Synaptics,

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