Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,897 shares of the software maker's stock after selling 42,914 shares during the period. Marshall Wace LLP owned 0.25% of Synaptics worth $7,777,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Synaptics during the 4th quarter worth approximately $43,481,000. Groupama Asset Managment acquired a new stake in shares of Synaptics during the 4th quarter worth about $38,160,000. TimesSquare Capital Management LLC lifted its position in Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock valued at $40,170,000 after buying an additional 165,866 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in Synaptics by 210.0% during the fourth quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock worth $15,633,000 after buying an additional 138,748 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Synaptics by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock valued at $42,483,000 after acquiring an additional 95,432 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Performance

Shares of SYNA opened at $50.38 on Wednesday. The stock has a 50-day simple moving average of $60.49 and a 200-day simple moving average of $71.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00. The stock has a market capitalization of $1.97 billion, a PE ratio of 11.91 and a beta of 1.60.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of the business's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares in the company, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.

Want to see what other hedge funds are holding SYNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synaptics Incorporated (NASDAQ:SYNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.