Mirae Asset Global Investments Co. Ltd. Sells 707 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,101 shares of the software maker’s stock after selling 707 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Synaptics worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SYNA. Brown Brothers Harriman & Co. bought a new position in shares of Synaptics during the 1st quarter worth approximately $49,000. Signaturefd LLC lifted its position in shares of Synaptics by 711.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after acquiring an additional 242 shares during the period. Venturi Wealth Management LLC bought a new position in Synaptics during the third quarter worth $31,000. Belpointe Asset Management LLC grew its holdings in Synaptics by 112.9% in the first quarter. Belpointe Asset Management LLC now owns 364 shares of the software maker’s stock worth $40,000 after purchasing an additional 193 shares during the period. Finally, Fifth Third Bancorp increased its stake in Synaptics by 92.4% in the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Mizuho reduced their price objective on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research report on Friday, February 9th. Susquehanna increased their target price on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Finally, Rosenblatt Securities boosted their price target on shares of Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.36.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 31,847 shares of the company’s stock, valued at approximately $3,367,820.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Synaptics Price Performance

Shares of 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 has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53. The stock’s fifty day simple moving average is $100.45 and its two-hundred day simple moving average is $101.42.

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

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.