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

Russell Investments Group Ltd. decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 68.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

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

Synaptics Stock Performance

Shares of NASDAQ:SYNA traded up $0.44 during trading on Friday, hitting $56.57. 173,149 shares of the stock were exchanged, compared to its average volume of 464,664. Synaptics Incorporated has a 1-year low of $41.80 and a 1-year high of $98.00. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 13.36 and a beta of 1.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The company's fifty day simple moving average is $59.79 and its 200-day simple moving average is $70.99.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SYNA shares. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Mizuho decreased their price objective 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 raised their price target on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Finally, Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.00.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company's stock.

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.