Alliancebernstein L.P. reduced its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 87.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,764 shares of the software maker’s stock after selling 434,992 shares during the period. Alliancebernstein L.P. owned about 0.18% of Synaptics worth $3,008,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Synaptics by 3.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the software maker’s stock valued at $441,000 after buying an additional 300 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Synaptics during the first quarter valued at about $787,000. Edge Wealth Management LLC raised its position in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock valued at $110,000 after buying an additional 2,075 shares during the period. Macquarie Group Ltd. raised its position in shares of Synaptics by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 410,473 shares of the software maker’s stock valued at $21,993,000 after buying an additional 28,531 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Synaptics by 74.5% in the fourth quarter. Teachers Advisors LLC now owns 223,818 shares of the software maker’s stock valued at $11,992,000 after buying an additional 95,537 shares during the period. 93.01% of the stock is owned by institutional investors.

Shares of Synaptics Incorporated (NASDAQ:SYNA) traded down 10.33% on Friday, reaching $45.32. 4,200,401 shares of the company were exchanged. Synaptics Incorporated has a 12-month low of $44.92 and a 12-month high of $69.45. The company’s 50 day moving average is $54.09 and its 200 day moving average is $54.00. The firm has a market capitalization of $1.55 billion, a PE ratio of 68.25 and a beta of 1.13.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 1.48% and a return on equity of 13.73%. The company had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts forecast that Synaptics Incorporated will post $5.09 earnings per share for the current year.

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SYNA has been the subject of a number of research analyst reports. Needham & Company LLC upped their target price on shares of Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Vetr raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $57.50 target price for the company in a research note on Wednesday, May 17th. BidaskClub raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Synaptics in a research note on Friday, July 28th. Finally, Cowen and Company set a $75.00 target price on shares of Synaptics and gave the stock a “buy” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.10.

In other Synaptics news, Director Jeffrey D. Buchanan sold 9,375 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the transaction, the director now owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Wajid Ali sold 555 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $56.75, for a total transaction of $31,496.25. Following the completion of the transaction, the vice president now directly owns 15,900 shares of the company’s stock, valued at approximately $902,325. The disclosure for this sale can be found here. In the last three months, insiders sold 39,930 shares of company stock worth $2,212,446. Insiders own 3.60% of the company’s stock.

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.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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