Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its position in shares of Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 35.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,993 shares of the software maker’s stock after selling 22,280 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.10% of Synaptics worth $11,505,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Synaptics during the 4th quarter worth $39,000. Sageworth Trust Co of South Dakota acquired a new position in Synaptics in the 4th quarter valued at about $43,000. Ellevest Inc. raised its stake in Synaptics by 210.8% in the 4th quarter. Ellevest Inc. now owns 230 shares of the software maker’s stock valued at $67,000 after purchasing an additional 156 shares during the last quarter. Syquant Capital Sas acquired a new position in Synaptics in the 4th quarter valued at about $72,000. Finally, Koshinski Asset Management Inc. raised its stake in Synaptics by 23.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 260 shares of the software maker’s stock valued at $75,000 after purchasing an additional 50 shares during the last quarter. 91.93% of the stock is owned by institutional investors and hedge funds.

SYNA has been the subject of several analyst reports. Craig Hallum cut their target price on shares of Synaptics from $265.00 to $220.00 in a research note on Friday, May 6th. Wells Fargo & Company initiated coverage on shares of Synaptics in a research note on Thursday, April 7th. They issued an “equal weight” rating and a $185.00 target price for the company. Susquehanna Bancshares cut their target price on shares of Synaptics from $320.00 to $240.00 in a research note on Friday, May 6th. Cowen cut their target price on shares of Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Finally, StockNews.com started coverage on shares of Synaptics in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Synaptics presently has an average rating of “Buy” and a consensus target price of $243.85.

In other Synaptics news, Director Kiva A. Allgood sold 196 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $155.61, for a total value of $30,499.56. Following the completion of the transaction, the director now owns 6,654 shares in the company, valued at approximately $1,035,428.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dean Warren Butler sold 1,126 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $155.61, for a total value of $175,216.86. Following the completion of the transaction, the insider now owns 26,651 shares of the company’s stock, valued at approximately $4,147,162.11. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Shares of NASDAQ:SYNA opened at $138.62 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.80 and a current ratio of 3.17. Synaptics Incorporated has a 1 year low of $120.55 and a 1 year high of $299.39. The stock has a market capitalization of $5.49 billion, a P/E ratio of 29.06 and a beta of 1.34. The stock has a 50-day simple moving average of $174.35 and a 200-day simple moving average of $220.55.

Synaptics (NASDAQ:SYNAGet Rating) last issued its earnings results on Thursday, May 5th. The software maker reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.20. Synaptics had a return on equity of 34.97% and a net margin of 12.17%. The business had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $464.65 million. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. Analysts predict that Synaptics Incorporated will post 11.22 earnings per share for the current year.

Synaptics Company Profile (Get Rating)

Synaptics Incorporated develops and supplies semiconductor products and solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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