Synaptics Incorporated (NASDAQ:SYNA) Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,044 shares of the software maker’s stock after selling 444 shares during the period. Yousif Capital Management LLC’s holdings in Synaptics were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Synaptics by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock valued at $44,804,000 after purchasing an additional 31,565 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Synaptics by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock valued at $34,747,000 after purchasing an additional 17,119 shares in the last quarter. Emerald Advisers LLC boosted its position in shares of Synaptics by 2.5% during the 3rd quarter. Emerald Advisers LLC now owns 207,287 shares of the software maker’s stock valued at $16,081,000 after purchasing an additional 5,004 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Synaptics by 8.0% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 192,003 shares of the software maker’s stock valued at $14,896,000 after purchasing an additional 14,181 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Synaptics by 189.7% during the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after purchasing an additional 53,252 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the transaction, the insider now owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ken Rizvi acquired 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the transaction, the insider now owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Susquehanna raised their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $92.00 target price on shares of Synaptics in a report on Tuesday, February 4th. TD Cowen raised their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.25.

Synaptics Price Performance

NASDAQ SYNA opened at $72.07 on Friday. The company has a 50 day simple moving average of $78.77 and a 200-day simple moving average of $76.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.04 and a beta of 1.45. Synaptics Incorporated has a 52-week low of $67.16 and a 52-week high of $112.00.

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.