Forte Capital Adv Lowers stake in Synaptics Incorporated (SYNA)

Synaptics Incorporated (SYNA) : Forte Capital Adv reduced its stake in Synaptics Incorporated by 3.13% during the most recent quarter end. The investment management company now holds a total of 20,120 shares of Synaptics Incorporated which is valued at $1,318,866 after selling 650 shares in Synaptics Incorporated , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Synaptics Incorporated makes up approximately 0.51% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in SYNA in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 140 shares of Synaptics Incorporated which is valued at $9,162. Synaptics Incorporated makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Simplex Trading boosted its stake in SYNA in the latest quarter, The investment management firm added 10,933 additional shares and now holds a total of 29,017 shares of Synaptics Incorporated which is valued at $1,923,827. Synaptics Incorporated makes up approx 0.25% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SYNA by selling 10,332 shares or 40.03% in the most recent quarter. The Hedge Fund company now holds 15,479 shares of SYNA which is valued at $956,602.Eqis Capital Management reduced its stake in SYNA by selling 669 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 17,280 shares of SYNA which is valued at $1,067,904. Synaptics Incorporated makes up approx 0.07% of Eqis Capital Management’s portfolio.

Synaptics Incorporated closed down -1.83 points or -2.72% at $65.44 with 7,51,170 shares getting traded on Tuesday. Post opening the session at $67.2, the shares hit an intraday low of $64.76 and an intraday high of $67.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Synaptics Incorporated reported $0.46 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $323.90 million for the quarter, compared to analysts expectations of $318.62 million. The company’s revenue was down -32.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on Synaptics Incorporated. Company shares were Upgraded by Mizuho on Oct 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 74 from a previous price target of $58 .Shares were Reiterated by Needham on Aug 1, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $88 .Shares were Reiterated by Craig Hallum on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 70 from a previous price target of $85 .

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing communications entertainment and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones tablets and notebook PCs. The TouchPad family including ClickPad and ForcePad is integrated into the majority of today’s notebook PCs. Natural ID fingerprint sensor technology enables authentication mobile payments and touch-based navigation for smartphones tablets and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions as well as key technologies for next generation touch-enabled video and display applications.

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