Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,101 shares of the software maker’s stock after selling 707 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Synaptics were worth $3,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its position in Synaptics by 3.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock valued at $232,000 after acquiring an additional 89 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Synaptics by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock valued at $446,000 after acquiring an additional 123 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Synaptics by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after acquiring an additional 128 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of Synaptics by 12.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock worth $248,000 after buying an additional 135 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of Synaptics by 5.8% in the fourth quarter. Diversified Trust Co now owns 3,332 shares of the software maker’s stock worth $380,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SYNA. Susquehanna raised their price target on shares of Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Needham & Company LLC raised their price target on shares of Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Rosenblatt Securities raised their price target on shares of Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. KeyCorp raised their price target on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.36.

Synaptics Stock Performance

NASDAQ:SYNA opened at $83.32 on Thursday. Synaptics Incorporated has a 1-year low of $67.73 and a 1-year high of $121.37. The company’s fifty day moving average price is $100.45 and its 200-day moving average price is $101.42. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $237.00 million for the quarter, compared to analyst estimates of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The firm’s revenue was down 32.9% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. As a group, analysts anticipate that Synaptics Incorporated will post -0.48 EPS for the current year.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 3,616 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the sale, the insider now owns 31,847 shares in the company, valued at $3,367,820.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

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.