Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,001 shares of the software maker's stock after selling 24,796 shares during the period. Algert Global LLC owned approximately 0.06% of Synaptics worth $1,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in shares of Synaptics by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System grew its position in Synaptics by 2.1% in the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock valued at $728,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its stake in Synaptics by 1.8% in the 4th quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock valued at $883,000 after buying an additional 200 shares during the period. Bridge City Capital LLC raised its position in Synaptics by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock worth $1,718,000 after buying an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC lifted its stake in shares of Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock worth $624,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Price Performance

Shares of NASDAQ SYNA traded up $0.04 on Friday, hitting $59.83. The company's stock had a trading volume of 786,551 shares, compared to its average volume of 469,616. The stock has a 50 day moving average of $57.30 and a 200-day moving average of $69.80. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 14.14 and a beta of 1.67. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36.

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

Insider Activity at Synaptics

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of Synaptics stock in a transaction on Monday, February 10th. The shares were bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SYNA has been the subject of several analyst reports. Needham & Company LLC assumed coverage on shares of Synaptics in a report on Friday. They set a "buy" rating and a $80.00 price target for the company. Susquehanna lifted their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Rosenblatt Securities restated a "buy" rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Mizuho decreased their price objective on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $93.75.

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.