Fisher Asset Management LLC Trims Position in Synaptics Incorporated (NASDAQ:SYNA)

Fisher Asset Management LLC decreased its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 806,381 shares of the software maker's stock after selling 174,339 shares during the period. Fisher Asset Management LLC owned approximately 2.06% of Synaptics worth $91,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYNA. Signaturefd LLC grew its stake in Synaptics by 711.8% in the third quarter. Signaturefd LLC now owns 276 shares of the software maker's stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Synaptics during the third quarter valued at about $31,000. Fifth Third Bancorp lifted its position in shares of Synaptics by 92.4% in the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker's stock worth $39,000 after buying an additional 208 shares during the last quarter. Headinvest LLC bought a new position in shares of Synaptics in the 3rd quarter valued at approximately $40,000. Finally, Covestor Ltd lifted its holdings in Synaptics by 180.3% in the 3rd quarter. Covestor Ltd now owns 639 shares of the software maker's stock worth $57,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 99.43% of the company's stock.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 3,616 shares of Synaptics stock in a transaction on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the transaction, the insider now owns 31,847 shares of the company's stock, valued at $3,367,820.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SYNA. Craig Hallum downgraded Synaptics from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Friday, February 9th. Susquehanna upped their target price on Synaptics from $130.00 to $135.00 and gave the company a "positive" rating in a research note on Friday, February 9th. Needham & Company LLC boosted their price target on Synaptics from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, February 9th. TD Cowen raised their price target on Synaptics from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Finally, Mizuho lowered their target price on Synaptics from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.40.

Synaptics Price Performance

SYNA stock traded up $0.68 during midday trading on Friday, reaching $90.31. The company had a trading volume of 181,860 shares, compared to its average volume of 291,579. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -45.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04. Synaptics Incorporated has a 1-year low of $67.73 and a 1-year high of $121.37. The stock has a 50 day moving average price of $95.23 and a 200-day moving average price of $100.85.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The company had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The company's revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. Equities research analysts expect that Synaptics Incorporated will post -0.48 earnings per share for the current 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.