Synaptics (SYNA) Reaches $46.97 After 6.00% Down Move; Rexnord (RXN) Shorts Lowered By 4.7%

January 16, 2018 - By Linda Rogers

Rexnord Corporation (NYSE:RXN) had a decrease of 4.7% in short interest. RXN’s SI was 2.95M shares in January as released by FINRA. Its down 4.7% from 3.09M shares previously. With 880,600 avg volume, 3 days are for Rexnord Corporation (NYSE:RXN)’s short sellers to cover RXN’s short positions. The SI to Rexnord Corporation’s float is 3.07%. The stock increased 0.72% or $0.2 during the last trading session, reaching $28.04. About 204,543 shares traded. Rexnord Corporation (NYSE:RXN) has risen 17.47% since January 16, 2017 and is uptrending. It has outperformed by 0.77% the S&P500.

The stock of Synaptics Incorporated (NASDAQ:SYNA) is a huge mover today! The stock decreased 5.61% or $2.79 during the last trading session, reaching $46.97. About 776,543 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has declined 12.49% since January 16, 2017 and is downtrending. It has underperformed by 29.19% the S&P500.The move comes after 8 months negative chart setup for the $1.60 billion company. It was reported on Jan, 16 by Barchart.com. We have $44.15 PT which if reached, will make NASDAQ:SYNA worth $95.88M less.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.08, from 0.98 in 2017Q2. It increased, as 40 investors sold Synaptics Incorporated shares while 69 reduced holdings. 34 funds opened positions while 81 raised stakes. 34.89 million shares or 3.70% more from 33.64 million shares in 2017Q2 were reported. Third Avenue Limited Liability Corp accumulated 96,807 shares. Advsrs Asset Mgmt invested in 2,021 shares. Shell Asset Mngmt reported 35,222 shares stake. Crosslink Capital reported 118,246 shares. Redmond Asset Mgmt Limited Liability Corporation reported 0.57% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Sei Investments owns 335 shares or 0% of their US portfolio. California-based Aperio Grp Limited Liability Company has invested 0% in Synaptics Incorporated (NASDAQ:SYNA). Stevens Mgmt Ltd Partnership owns 49,214 shares or 0.07% of their US portfolio. Oppenheimer Asset Mngmt Inc invested 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Walleye Trading Limited Co owns 60,298 shares. Grp Inc One Trading L P owns 14,354 shares. Trexquant Invest L P, Connecticut-based fund reported 20,523 shares. Artemis Investment Mngmt Llp stated it has 0.15% in Synaptics Incorporated (NASDAQ:SYNA). Amg Natl Retail Bank holds 0.06% or 23,434 shares. The Illinois-based First Tru Advsr L P has invested 0% in Synaptics Incorporated (NASDAQ:SYNA).

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company has market cap of $1.60 billion. The firm offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer product applications, such as keyboards, mice, and desktop product applications. It has a 87.96 P/E ratio. The Company’s products include ClearPad, which enables users to interact directly with the display on smartphones and tablets; ClearView products that provide advanced image processing and low power technology for entry-level smartphones; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in smartphones, tablets, notebook PCs, PC peripherals, and other applications.

Analysts await Synaptics Incorporated (NASDAQ:SYNA) to report earnings on January, 25. They expect $0.69 earnings per share, down 34.91% or $0.37 from last year’s $1.06 per share. SYNA’s profit will be $23.47 million for 17.02 P/E if the $0.69 EPS becomes a reality. After $0.55 actual earnings per share reported by Synaptics Incorporated for the previous quarter, Wall Street now forecasts 25.45% EPS growth.

Among 16 analysts covering Synaptics Inc (NASDAQ:SYNA), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Synaptics Inc had 66 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, October 23 by Northland Capital. Northland Capital maintained Synaptics Incorporated (NASDAQ:SYNA) on Friday, July 31 with “Outperform” rating. As per Thursday, September 7, the company rating was maintained by Cowen & Co. KeyBanc Capital Markets maintained Synaptics Incorporated (NASDAQ:SYNA) on Tuesday, September 5 with “Hold” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, October 11. On Friday, July 29 the stock rating was maintained by Craig Hallum with “Buy”. Needham maintained the stock with “Buy” rating in Friday, August 4 report. On Tuesday, June 13 the stock rating was maintained by Oppenheimer with “Sell”. The company was downgraded on Friday, April 15 by Cross Research. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, January 20.

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. The company has market cap of $2.91 billion. The firm operates in two divisions, Process & Motion Control Platform and Water Management Platform. It has a 43.74 P/E ratio. It offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chains, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, such as couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

Among 9 analysts covering Rexnord Corporation (NYSE:RXN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Rexnord Corporation had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, June 23. The rating was maintained by Barclays Capital with “Equalweight” on Monday, July 18. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 24 report. SunTrust maintained the shares of RXN in report on Thursday, October 26 with “Buy” rating. The company was maintained on Thursday, August 6 by Deutsche Bank. The rating was downgraded by Oppenheimer on Thursday, October 15 to “Market Perform”. The stock of Rexnord Corporation (NYSE:RXN) has “Buy” rating given on Monday, January 8 by Bank of America. The stock has “Buy” rating by Robert W. Baird on Monday, January 8. Barclays Capital upgraded it to “Overweight” rating and $26 target in Monday, October 24 report. The stock of Rexnord Corporation (NYSE:RXN) has “Outperform” rating given on Thursday, August 6 by Oppenheimer.

Since September 6, 2017, it had 0 insider purchases, and 2 sales for $556,410 activity. Troutman Michael also sold $553,373 worth of Rexnord Corporation (NYSE:RXN) shares.

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.05, from 1.48 in 2017Q2. It is positive, as 14 investors sold Rexnord Corporation shares while 46 reduced holdings. 34 funds opened positions while 58 raised stakes. 103.44 million shares or 1.16% less from 104.65 million shares in 2017Q2 were reported. Morgan Stanley stated it has 777,773 shares. Two Sigma Securities Limited Liability Company accumulated 10,505 shares or 0.02% of the stock. Susquehanna Interest Grp Ltd Liability Partnership, a Pennsylvania-based fund reported 21,902 shares. Goldman Sachs Group reported 0.02% of its portfolio in Rexnord Corporation (NYSE:RXN). Cipher Capital Ltd Partnership accumulated 76,554 shares or 0.15% of the stock. Channing Cap Management Limited Liability Company has invested 2.27% of its portfolio in Rexnord Corporation (NYSE:RXN). Moreover, Victory Capital Inc has 0.04% invested in Rexnord Corporation (NYSE:RXN). Great West Life Assurance Can has 10,925 shares for 0% of their portfolio. 44 are held by Bank Of Nova Scotia Tru. Caxton Lp accumulated 50,000 shares. Engineers Gate Manager Limited Partnership holds 77,232 shares. Timessquare Cap Limited Liability holds 2.43M shares or 0.41% of its portfolio. Sg Americas Limited Liability Company reported 23,536 shares stake. Renaissance Limited Com holds 0.02% of its portfolio in Rexnord Corporation (NYSE:RXN) for 699,393 shares. Hbk Investments Limited Partnership holds 0.01% of its portfolio in Rexnord Corporation (NYSE:RXN) for 64,400 shares.

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