D. E. Shaw & Co. Inc. Sells 51,751 Shares of Synaptics Incorporated (NASDAQ:SYNA)

D. E. Shaw & Co. Inc. decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,744 shares of the software maker's stock after selling 51,751 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.49% of Synaptics worth $15,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SYNA. Deutsche Bank AG raised its stake in Synaptics by 341.9% during the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock worth $14,455,000 after acquiring an additional 146,540 shares in the last quarter. Bridgefront Capital LLC acquired a new position in Synaptics during the fourth quarter worth about $485,000. Balyasny Asset Management L.P. raised its stake in Synaptics by 67.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 124,931 shares of the software maker's stock worth $9,535,000 after acquiring an additional 50,112 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Synaptics by 169.2% during the fourth quarter. BNP Paribas Financial Markets now owns 214,722 shares of the software maker's stock worth $16,388,000 after acquiring an additional 134,945 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Synaptics by 1.0% during the fourth quarter. Ameriprise Financial Inc. now owns 4,979,894 shares of the software maker's stock worth $380,059,000 after acquiring an additional 51,498 shares in the last quarter. Institutional investors own 99.43% of the company's stock.

Synaptics Trading Down 0.2%

Shares of Synaptics stock traded down $0.13 on Friday, reaching $65.25. 460,693 shares of the company's stock were exchanged, compared to its average volume of 473,415. The company has a market capitalization of $2.52 billion, a P/E ratio of 15.43 and a beta of 1.67. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $98.00. The firm's 50-day moving average is $57.39 and its two-hundred day moving average is $69.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.05. The firm had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Sell-side analysts predict that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on SYNA shares. Rosenblatt Securities reissued a "buy" rating and set a $105.00 target price on shares of Synaptics in a research note on Thursday, February 27th. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho decreased their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Needham & Company LLC started coverage on shares of Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Finally, Susquehanna increased their target price on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $93.75.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.