Marshall Wace LLP Cuts Stake in Synaptics Incorporated (NASDAQ:SYNA)

Marshall Wace LLP reduced its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,897 shares of the software maker's stock after selling 42,914 shares during the quarter. Marshall Wace LLP owned about 0.25% of Synaptics worth $7,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SYNA. Norges Bank bought a new stake in shares of Synaptics in the 4th quarter worth approximately $43,481,000. Groupama Asset Managment bought a new stake in shares of Synaptics in the 4th quarter worth approximately $38,160,000. TimesSquare Capital Management LLC boosted its position in shares of Synaptics by 46.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock worth $40,170,000 after purchasing an additional 165,866 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of Synaptics by 210.0% in the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock worth $15,633,000 after purchasing an additional 138,748 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Synaptics by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock worth $42,483,000 after purchasing an additional 95,432 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Performance

SYNA stock traded down $0.52 during trading on Monday, reaching $56.27. The stock had a trading volume of 364,416 shares, compared to its average volume of 466,286. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $98.00. The stock's 50 day moving average is $59.11 and its two-hundred day moving average is $70.74. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.21 billion, a PE ratio of 13.30 and a beta of 1.60.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SYNA. Mizuho lowered their price objective on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price target on shares of Synaptics in a report on Thursday, February 27th. Susquehanna upped their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Synaptics has a consensus rating of "Moderate Buy" and a consensus price target of $95.00.

Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi purchased 3,600 shares of Synaptics stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This represents a 14.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is 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.