D. E. Shaw & Co. Inc. Decreases Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Synaptics by 1.0% during the fourth quarter. Ameriprise Financial Inc. now owns 4,979,894 shares of the software maker's stock valued at $380,059,000 after acquiring an additional 51,498 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Synaptics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after purchasing an additional 93,155 shares during the last quarter. FMR LLC grew its stake in Synaptics by 0.9% during the 4th quarter. FMR LLC now owns 1,891,227 shares of the software maker's stock valued at $144,338,000 after purchasing an additional 16,337 shares in the last quarter. Trigran Investments Inc. increased its holdings in Synaptics by 5.9% during the 4th quarter. Trigran Investments Inc. now owns 1,072,222 shares of the software maker's stock worth $81,832,000 after purchasing an additional 59,647 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Synaptics by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,008,390 shares of the software maker's stock worth $76,960,000 after purchasing an additional 74,433 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Trading Up 8.6%

Shares of NASDAQ SYNA opened at $65.00 on Tuesday. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 15.37 and a beta of 1.67. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $57.32 and its 200 day simple moving average is $69.75.

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

Analyst Upgrades and Downgrades

SYNA has been the subject of a number of recent analyst reports. Susquehanna raised their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Mizuho dropped 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 assumed coverage on shares of Synaptics in a research report on Friday. They set a "buy" rating and a $80.00 price target on the stock. Finally, Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of "Buy" and an average target price of $93.75.

Synaptics Company 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.

Want to see what other hedge funds are holding SYNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synaptics Incorporated (NASDAQ:SYNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.