Mitsubishi UFJ Asset Management Co. Ltd. Sells 9,115 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 28.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,298 shares of the software maker's stock after selling 9,115 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Synaptics worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SYNA. Vanguard Group Inc. increased its stake in Synaptics by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker's stock valued at $419,691,000 after buying an additional 72,044 shares during the period. Wellington Management Group LLP lifted its position in Synaptics by 3.1% in the third quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker's stock worth $118,885,000 after purchasing an additional 39,352 shares during the period. Ameriprise Financial Inc. boosted its stake in Synaptics by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker's stock valued at $369,500,000 after purchasing an additional 116,276 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Synaptics by 10.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 99,871 shares of the software maker's stock valued at $8,932,000 after purchasing an additional 9,141 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Synaptics during the 3rd quarter valued at $2,271,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Analyst Ratings Changes

SYNA has been the subject of several research reports. Wells Fargo & Company decreased their target price on Synaptics from $115.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Rosenblatt Securities increased their target price on shares of Synaptics from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 9th. StockNews.com raised Synaptics from a "sell" rating to a "hold" rating in a report on Monday, February 12th. Craig Hallum lowered Synaptics from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Friday, February 9th. Finally, Needham & Company LLC cut their target price on Synaptics from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Synaptics presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.67.

Synaptics Stock Performance

Shares of SYNA traded down $2.14 during mid-day trading on Tuesday, hitting $92.00. The company's stock had a trading volume of 411,968 shares, compared to its average volume of 296,525. Synaptics Incorporated has a one year low of $73.38 and a one year high of $121.37. The stock's 50-day moving average is $92.17 and its two-hundred day moving average is $101.38. The firm has a market capitalization of $3.63 billion, a PE ratio of -33.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.78 and a current ratio of 5.32.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The company had revenue of $237.30 million for the quarter, compared to the consensus estimate of $235.17 million. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The business's revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, sell-side analysts anticipate that Synaptics Incorporated will post -0.44 EPS for the current year.

Insider Activity at Synaptics

In other news, insider Vikram Gupta sold 3,616 shares of Synaptics stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the sale, the insider now directly owns 31,847 shares in the company, valued at approximately $3,367,820.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.