Russell Investments Group Ltd. Sells 28,009 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Russell Investments Group Ltd. lowered its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 68.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,691 shares of the software maker's stock after selling 28,009 shares during the period. Russell Investments Group Ltd.'s holdings in Synaptics were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its position in shares of Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock worth $6,309,000 after purchasing an additional 53,252 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Synaptics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock worth $374,569,000 after buying an additional 93,155 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Synaptics by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker's stock worth $35,991,000 after purchasing an additional 23,702 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Synaptics by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker's stock valued at $7,025,000 after buying an additional 333 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Synaptics during the fourth quarter worth $603,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYNA has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Mizuho decreased their target price on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Susquehanna upped their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Finally, Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.00.

Insider Transactions at Synaptics

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares of the company's stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Synaptics Price Performance

Shares of Synaptics stock traded up $0.66 during trading on Friday, hitting $56.79. The stock had a trading volume of 290,278 shares, compared to its average volume of 465,689. 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 business has a fifty day moving average of $59.46 and a two-hundred day moving average of $70.88. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00. The firm has a market cap of $2.23 billion, a P/E ratio of 13.43 and a beta of 1.60.

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.