Yousif Capital Management LLC Sells 590 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Yousif Capital Management LLC decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 4.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,454 shares of the software maker’s stock after selling 590 shares during the quarter. Yousif Capital Management LLC’s holdings in Synaptics were worth $857,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SYNA. Vanguard Group Inc. boosted its holdings in Synaptics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker’s stock valued at $374,569,000 after acquiring an additional 93,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Synaptics by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker’s stock valued at $35,991,000 after purchasing an additional 23,702 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Synaptics by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker’s stock valued at $7,025,000 after purchasing an additional 333 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Synaptics by 19.3% in the 4th quarter. Bank of Montreal Can now owns 5,161 shares of the software maker’s stock valued at $394,000 after purchasing an additional 834 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Synaptics during the 4th quarter worth approximately $371,000. 99.43% of the stock is currently owned by institutional investors.

Synaptics Stock Up 0.9%

Synaptics stock opened at $63.56 on Friday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 15.39 and a beta of 1.68. The company’s 50 day simple moving average is $59.01 and its 200 day simple moving average is $67.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 2.34. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 8th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $265.03 million. Synaptics had a net margin of 15.90% and a return on equity of 3.16%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Analysts Set New Price Targets

SYNA has been the topic of several analyst reports. Mizuho cut their price objective on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Rosenblatt Securities reiterated a “buy” rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Needham & Company LLC initiated coverage on Synaptics in a research note on Friday, May 9th. They issued a “buy” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Synaptics currently has an average rating of “Buy” and an average price target of $93.75.

About Synaptics

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.