Wellington Management Group LLP Buys 95,432 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Wellington Management Group LLP increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,643 shares of the software maker's stock after acquiring an additional 95,432 shares during the quarter. Wellington Management Group LLP owned approximately 1.42% of Synaptics worth $42,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank bought a new stake in shares of Synaptics in the 4th quarter worth approximately $152,895,000. Norges Bank purchased a new position in Synaptics during the fourth quarter valued at $43,481,000. Groupama Asset Managment purchased a new position in Synaptics during the fourth quarter valued at $38,160,000. TimesSquare Capital Management LLC raised its stake in shares of Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock worth $40,170,000 after purchasing an additional 165,866 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Synaptics by 341.9% in the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock worth $14,455,000 after purchasing an additional 146,540 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Synaptics Price Performance

Shares of NASDAQ SYNA traded up $0.45 during midday trading on Monday, reaching $59.21. 230,460 shares of the stock traded hands, compared to its average volume of 474,906. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The stock has a market capitalization of $2.28 billion, a PE ratio of 14.00 and a beta of 1.67. Synaptics Incorporated has a one year low of $41.80 and a one year high of $98.00. The company's 50 day moving average is $56.68 and its 200 day moving average is $68.62.

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

Analyst Ratings Changes

A number of analysts recently commented on SYNA shares. Needham & Company LLC began coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 price objective for the company. Mizuho cut their price objective on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $93.75.

About Synaptics

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.