Simplex Trading buys $1,923,827 stake in Synaptics Incorporated (SYNA)

Synaptics Incorporated (SYNA) : Simplex Trading scooped up 10,933 additional shares in Synaptics Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,017 shares of Synaptics Incorporated which is valued at $1,923,827.Synaptics Incorporated makes up approximately 0.25% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in SYNA by selling 370 shares or 11.92% in the most recent quarter. The Hedge Fund company now holds 2,735 shares of SYNA which is valued at $181,331. Synaptics Incorporated makes up approx 0.03% of Advisory Services Network’s portfolio. Independent Portfolio Consultants added SYNA to its portfolio by purchasing 17,710 company shares during the most recent quarter which is valued at $1,094,478. Synaptics Incorporated makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SYNA by selling 10,332 shares or 40.03% in the most recent quarter. The Hedge Fund company now holds 15,479 shares of SYNA which is valued at $956,602.New England Research Management reduced its stake in SYNA by selling 950 shares or 9.36% in the most recent quarter. The Hedge Fund company now holds 9,204 shares of SYNA which is valued at $568,807. Synaptics Incorporated makes up approx 0.48% of New England Research Management’s portfolio.Eqis Capital Management reduced its stake in SYNA by selling 669 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 17,280 shares of SYNA which is valued at $1,067,904. Synaptics Incorporated makes up approx 0.07% of Eqis Capital Management’s portfolio.

Synaptics Incorporated opened for trading at $65.17 and hit $66.32 on the upside on Friday, eventually ending the session at $66.3, with a gain of 1.73% or 1.13 points. The heightened volatility saw the trading volume jump to 8,77,239 shares. Company has a market cap of $2,308 M.

On the company’s financial health, Synaptics Incorporated reported $0.46 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $323.90 million for the quarter, compared to analysts expectations of $318.62 million. The company’s revenue was down -32.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on Synaptics Incorporated. Shares were Reiterated by Needham on Aug 1, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $88 .Shares were Reiterated by Craig Hallum on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 70 from a previous price target of $85 .

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing communications entertainment and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones tablets and notebook PCs. The TouchPad family including ClickPad and ForcePad is integrated into the majority of today’s notebook PCs. Natural ID fingerprint sensor technology enables authentication mobile payments and touch-based navigation for smartphones tablets and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions as well as key technologies for next generation touch-enabled video and display applications.

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