Hourglass Capital Decreased By $600,480 Its Old Natl Bancorp Ind (ONB) Position; Synaptics Has 1.02 Sentiment

June 14, 2018 - By Peter Mason

Old National Bancorp (NASDAQ:ONB) Logo

Hourglass Capital Llc decreased Old Natl Bancorp Ind (ONB) stake by 11.89% reported in 2018Q1 SEC filing. Hourglass Capital Llc sold 37,530 shares as Old Natl Bancorp Ind (ONB)’s stock rose 3.42%. The Hourglass Capital Llc holds 278,180 shares with $4.70 million value, down from 315,710 last quarter. Old Natl Bancorp Ind now has $2.80 billion valuation. The stock decreased 0.41% or $0.075 during the last trading session, reaching $18.425. About 196,644 shares traded. Old National Bancorp (NASDAQ:ONB) has risen 11.35% since June 14, 2017 and is uptrending. It has underperformed by 1.22% the S&P500. Some Historical ONB News: ; 08/03/2018 – AIR T INC – LOAN AGREEMENT, RELATED PROMISSORY NOTE REPLACE CERTAIN BUSINESS LOAN AGREEMENT, PROMISSORY NOTE WITH ONB DATED MAY 5, 2017 – SEC FILING; 23/04/2018 – OLD NATIONAL 1Q NET INTEREST MARGIN 3.45%, EST. 3.37%; 23/04/2018 – Old National Bancorp 1Q EPS 31c; 23/04/2018 – Old National Bancorp 1Q Net $48M; 23/04/2018 – Old National Closes Above 200-Day Moving Average: Technicals; 23/04/2018 – OLD NATIONAL BANCORP CITES ONGOING EFFICIENCY IMPROVEMENTS; 26/04/2018 – Old National Bancorp announces quarterly cash dividend; 08/05/2018 – Old National Bank Partners with Allpoint to Extend ATM Network; 23/04/2018 – Old National reports record 1st quarter net income of $48.0 million, a 33% increase from a year ago; 23/04/2018 – OLD NATIONAL 1Q EPS 31C

Synaptics Inc (SYNA) investors sentiment increased to 1.02 in Q1 2018. It’s up 0.15, from 0.87 in 2017Q4. The ratio improved, as 101 funds increased and started new equity positions, while 99 decreased and sold stock positions in Synaptics Inc. The funds in our database now own: 33.91 million shares, up from 33.33 million shares in 2017Q4. Also, the number of funds holding Synaptics Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 77 Increased: 60 New Position: 41.

Among 12 analysts covering Old National Bancorp (NASDAQ:ONB), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Old National Bancorp had 32 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $1800 target in Friday, August 11 report. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, November 22. The firm has “Hold” rating given on Monday, April 23 by Hovde Group. The firm has “Neutral” rating given on Monday, July 11 by Piper Jaffray. Keefe Bruyette & Woods maintained it with “Hold” rating and $18.0 target in Friday, October 13 report. Piper Jaffray maintained it with “Hold” rating and $1900 target in Wednesday, August 9 report. The stock has “Buy” rating by Boenning & Scattergood on Wednesday, March 28. The rating was initiated by Stephens on Tuesday, August 4 with “Overweight”. The rating was upgraded by Raymond James on Tuesday, September 19 to “Outperform”. Keefe Bruyette & Woods maintained the shares of ONB in report on Tuesday, January 23 with “Hold” rating.

Analysts await Old National Bancorp (NASDAQ:ONB) to report earnings on July, 24. They expect $0.25 earnings per share, down 13.79% or $0.04 from last year’s $0.29 per share. ONB’s profit will be $38.05M for 18.43 P/E if the $0.25 EPS becomes a reality. After $0.34 actual earnings per share reported by Old National Bancorp for the previous quarter, Wall Street now forecasts -26.47% negative EPS growth.

Investors sentiment decreased to 1.1 in 2018 Q1. Its down 0.01, from 1.11 in 2017Q4. It dived, as 24 investors sold ONB shares while 59 reduced holdings. 30 funds opened positions while 61 raised stakes. 99.26 million shares or 1.94% more from 97.37 million shares in 2017Q4 were reported. Sit Associate owns 17,550 shares. Proshare Advsrs Ltd Liability owns 21,326 shares. Mesirow Fincl Investment reported 1.13% stake. Sterling Cap Management Ltd Co reported 88,509 shares stake. Fmr Ltd Limited Liability Company has invested 0% of its portfolio in Old National Bancorp (NASDAQ:ONB). First Mercantile Tru Co holds 0.02% in Old National Bancorp (NASDAQ:ONB) or 5,825 shares. Northern Trust accumulated 0.01% or 2.68 million shares. Hourglass Cap Limited Co invested in 278,180 shares or 1.07% of the stock. Foundry Prtnrs Lc owns 1.29 million shares. Hotchkis And Wiley Cap Management Llc has invested 0% in Old National Bancorp (NASDAQ:ONB). Private Capital Mngmt Limited Liability Corporation owns 226,157 shares or 0.6% of their US portfolio. 1St Source Bancorporation owns 41,636 shares for 0.06% of their portfolio. State Of Alaska Department Of Revenue holds 43,188 shares or 0.02% of its portfolio. Gsa Capital Prtnrs Ltd Liability Partnership stated it has 54,477 shares. Advisory Svcs Ntwk Limited invested in 478 shares.

Since April 27, 2018, it had 0 insider buys, and 2 insider sales for $874,298 activity. Shares for $855,359 were sold by JONES ROBERT G on Friday, April 27. 1,064 shares were sold by White Katherine E, worth $18,939 on Wednesday, May 16.

Hourglass Capital Llc increased Time Warner Inc (NYSE:TWX) stake by 16,350 shares to 45,778 valued at $4.33M in 2018Q1. It also upped Six Flags Entmt Corp New (NYSE:SIX) stake by 61,950 shares and now owns 167,743 shares. Williams Cos Inc Del (NYSE:WMB) was raised too.

Another recent and important Old National Bancorp (NASDAQ:ONB) news was published by Globenewswire.com which published an article titled: “Consolidated Research: 2018 Summary Expectations for Crown Castle International, Avnet, Computer Programs and …” on May 30, 2018.

More notable recent Synaptics Incorporated (NASDAQ:SYNA) news were published by: Globenewswire.com which released: “Synaptics ClearView OLED Display Drivers Featured on ASUS ROG Phones” on June 07, 2018, also Nasdaq.com with their article: “Why Synaptics, iQiyi, and Savara Jumped Today” published on June 08, 2018, Seekingalpha.com published: “Update: Synaptics +2% on potential Dialog Semi deal” on June 08, 2018. More interesting news about Synaptics Incorporated (NASDAQ:SYNA) were released by: Nasdaq.com and their article: “Synaptics Makes a Wrong Bet in Mobile, but IoT Could Be Its Savior” published on June 07, 2018 as well as Nasdaq.com‘s news article titled: “Synaptics Announces Next-Generation Match-in-Sensor Fingerprint Authentication Solution for PCs is Production-Ready” with publication date: June 04, 2018.

Analysts await Synaptics Incorporated (NASDAQ:SYNA) to report earnings on August, 2. They expect $0.52 EPS, down 38.82% or $0.33 from last year’s $0.85 per share. SYNA’s profit will be $18.00M for 23.05 P/E if the $0.52 EPS becomes a reality. After $0.46 actual EPS reported by Synaptics Incorporated for the previous quarter, Wall Street now forecasts 13.04% EPS growth.

Ratings analysis reveals 20% of Synaptics’s analysts are positive. Out of 5 Wall Street analysts rating Synaptics, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $61.0 while the high is $74.0. The stock’s average target of $66.67 is 39.04% above today’s ($47.95) share price. SYNA was included in 5 notes of analysts from October 13, 2016. Mizuho upgraded it to “Buy” rating and $74.0 target in Thursday, October 13 report. The company was downgraded on Friday, October 28 by Craig Hallum. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Hold” rating by Lake Street on Friday, January 27. The firm earned “Hold” rating on Friday, October 28 by Needham. Oppenheimer downgraded the shares of SYNA in report on Monday, December 12 to “Underperform” rating.

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company has market cap of $1.66 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 currently has negative earnings. 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.

The stock increased 0.31% or $0.15 during the last trading session, reaching $47.95. About 314,634 shares traded. Synaptics Incorporated (SYNA) has declined 24.32% since June 14, 2017 and is downtrending. It has underperformed by 36.89% the S&P500. Some Historical SYNA News: ; 10/05/2018 – Franklin Advisory Services Buys New 2.8% Position in Synaptics; 09/05/2018 – Synaptics 3Q Loss/Shr 40c; 21/03/2018 – Synaptics Clear ID Optical In-Display Fingerprint Sensors Featured on New Vivo X21 UD Smartphones; 14/05/2018 – Synaptics Presenting at Cowen Conference May 30; 29/05/2018 – Synaptics Presenting at Cowen Conference Tomorrow; 09/03/2018 Synaptics Forms Golden Cross: Technicals; 09/05/2018 – Synaptics 3Q Rev $394M; 10/04/2018 – Synaptics Short-Interest Ratio Rises 8.3% to 18 Days; 09/05/2018 – SYNAPTICS 3Q NET REV. $394.0M, EST. $401.8M; 05/04/2018 – Synaptics AudioSmart Far-Field Voice Featured on docomo Simple Mic Bluetooth Speaker

Since January 1, 0001, it had 0 insider buys, and 11 selling transactions for $12.09 million activity.

Synaptics Incorporated (NASDAQ:SYNA) Institutional Positions Chart

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