Robeco Institutional Asset Management B.V. cut its holdings in Synaptics, Incorporated (NASDAQ:SYNA) by 53.4% in the fourth quarter, Holdings Channel reports. The fund owned 5,885 shares of the software maker’s stock after selling 6,736 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Synaptics were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Services Network LLC lifted its stake in Synaptics by 1.7% in the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after acquiring an additional 75 shares during the last quarter. Amalgamated Bank lifted its stake in Synaptics by 2.8% in the second quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock valued at $256,000 after acquiring an additional 137 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Synaptics by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,910 shares of the software maker’s stock valued at $357,000 after acquiring an additional 200 shares during the last quarter. Stifel Financial Corp lifted its stake in Synaptics by 0.6% in the second quarter. Stifel Financial Corp now owns 32,890 shares of the software maker’s stock valued at $1,698,000 after acquiring an additional 209 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Synaptics by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 58,368 shares of the software maker’s stock valued at $3,018,000 after acquiring an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

In related news, insider Rick Bergman sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the insider now owns 130,307 shares of the company’s stock, valued at $5,212,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 22,100 shares of company stock worth $1,085,000 in the last ninety days. 3.70% of the stock is currently owned by insiders.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Synaptics from a “strong sell” rating to a “sell” rating in a research note on Friday. Craig Hallum reiterated a “buy” rating and issued a $49.00 target price (up from $43.00) on shares of Synaptics in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Synaptics in a research report on Tuesday. Finally, JPMorgan Chase & Co. set a $53.00 price target on shares of Synaptics and gave the company a “buy” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.63.

Synaptics, Incorporated (NASDAQ SYNA) opened at $43.95 on Friday. Synaptics, Incorporated has a 52-week low of $33.73 and a 52-week high of $64.54. The company has a market cap of $1,480.00, a P/E ratio of 91.56, a PEG ratio of 0.98 and a beta of 1.12. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.03. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Synaptics’s revenue was down 6.7% compared to the same quarter last year. sell-side analysts forecast that Synaptics, Incorporated will post 2.8 EPS for the current year.

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Synaptics Company Profile

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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