Two Sigma Advisers LP Sells 16,900 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Two Sigma Advisers LP reduced its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,320 shares of the software maker's stock after selling 16,900 shares during the period. Two Sigma Advisers LP owned 0.35% of Synaptics worth $10,557,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in Synaptics by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock worth $847,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Synaptics by 2.1% during the fourth quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock valued at $728,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Synaptics by 1.8% during the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock valued at $883,000 after purchasing an additional 200 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock valued at $1,718,000 after purchasing an additional 201 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock valued at $624,000 after purchasing an additional 212 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SYNA. Needham & Company LLC began coverage on shares of Synaptics in a research note on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Rosenblatt Securities reaffirmed 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. Finally, Mizuho reduced their price target 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $93.75.

Synaptics Price Performance

Shares of NASDAQ SYNA traded down $1.04 during mid-day trading on Wednesday, hitting $59.14. 88,831 shares of the company's stock traded hands, compared to its average volume of 602,981. The company's 50-day moving average is $57.03 and its two-hundred day moving average is $69.03. 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 company has a market capitalization of $2.28 billion, a P/E ratio of 13.98 and a beta of 1.67. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 16.73% and a return on equity of 1.61%. The business's 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 analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

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.