Synaptics Incorporated (SYNA) : Cardinal Capital Management scooped up 634 additional shares in Synaptics Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 10,573 shares of Synaptics Incorporated which is valued at $902,194.Synaptics Incorporated makes up approximately 0.37% of Cardinal Capital Management’s portfolio.
Synaptics Incorporated opened for trading at $84.92 and hit $86.27 on the upside on Wednesday, eventually ending the session at $85.93, with a gain of 0.16% or 0.14 points. The heightened volatility saw the trading volume jump to 4,60,248 shares. Company has a market cap of $3,151 M.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in SYNA in the latest quarter, The investment management firm added 320 additional shares and now holds a total of 3,075 shares of Synaptics Incorporated which is valued at $262,390. Synaptics Incorporated makes up approx 0.07% of Advisory Services Network’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in SYNA by selling 1,780 shares or 24.5% in the most recent quarter. The Hedge Fund company now holds 5,485 shares of SYNA which is valued at $468,035. Synaptics Incorporated makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.Cwm reduced its stake in SYNA by selling 37,695 shares or 19.85% in the most recent quarter. The Hedge Fund company now holds 152,243 shares of SYNA which is valued at $12,990,895. Synaptics Incorporated makes up approx 1.12% of Cwm’s portfolio.Edge Wealth Management reduced its stake in SYNA by selling 112 shares or 25.51% in the most recent quarter. The Hedge Fund company now holds 327 shares of SYNA which is valued at $24,751. Synaptics Incorporated makes up approx 0.01% of Edge Wealth Management’s portfolio.
On the company’s financial health, Synaptics Incorporated reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.57. The company had revenue of $470.50 million for the quarter, compared to analysts expectations of $477.43 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.
Many Wall Street Analysts have commented on Synaptics Incorporated. Rosenblatt Initiated Synaptics Incorporated on Mar 8, 2016 to “Buy”, Price Target of the shares are set at $118.Shares were Downgraded by Needham on Jan 29, 2016 to ” Buy” and Lowered the Price Target to $ 88 from a previous price target of $110 .Shares were Reiterated by Stifel on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $95 .
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 todays 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.