OFI Invest Asset Management Has $1.18 Million Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

OFI Invest Asset Management reduced its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,357 shares of the software maker's stock after selling 14,357 shares during the quarter. OFI Invest Asset Management's holdings in Synaptics were worth $1,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SYNA. Quantbot Technologies LP purchased a new position in Synaptics in the first quarter valued at $586,000. UBS Group AG boosted its stake in shares of Synaptics by 26.8% in the 4th quarter. UBS Group AG now owns 105,457 shares of the software maker's stock valued at $12,031,000 after buying an additional 22,308 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Synaptics by 27.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker's stock worth $2,807,000 after buying an additional 6,276 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Synaptics by 34.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker's stock valued at $44,520,000 after acquiring an additional 100,150 shares in the last quarter. Finally, Willner & Heller LLC purchased a new position in Synaptics in the fourth quarter worth approximately $807,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Synaptics Stock Performance

NASDAQ SYNA traded down $0.11 on Friday, hitting $76.38. 230,694 shares of the company's stock were exchanged, compared to its average volume of 375,855. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -28.18 and a beta of 1.47. The firm's 50-day moving average price is $85.96 and its two-hundred day moving average price is $92.97. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm had revenue of $247.40 million for the quarter, compared to the consensus estimate of $245.17 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm's revenue was up 8.8% on a year-over-year basis. On average, research analysts expect that Synaptics Incorporated will post 1.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SYNA shares. Wells Fargo & Company reduced their price objective on shares of Synaptics from $115.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, May 10th. Needham & Company LLC lowered their price objective on Synaptics from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 9th. TD Cowen cut their target price on Synaptics from $115.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. KeyCorp dropped their price target on shares of Synaptics from $115.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.44.

Synaptics 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.