Profund Advisors LLC Trims Stake in Synaptics Incorporated (NASDAQ:SYNA)

Profund Advisors LLC lowered its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,186 shares of the software maker’s stock after selling 255 shares during the period. Profund Advisors LLC’s holdings in Synaptics were worth $243,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Metropolitan Life Insurance Co NY raised its holdings in shares of Synaptics by 3.8% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock valued at $232,000 after buying an additional 89 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Synaptics by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock valued at $446,000 after acquiring an additional 123 shares during the period. Chartwell Investment Partners LLC grew its position in Synaptics by 3.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 3,845 shares of the software maker’s stock worth $428,000 after acquiring an additional 128 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Synaptics by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after buying an additional 128 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Synaptics by 1.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,304 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 130 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Synaptics

In other Synaptics news, insider Saleel Awsare sold 7,669 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $91.16, for a total value of $699,106.04. Following the transaction, the insider now directly owns 26,362 shares in the company, valued at $2,403,159.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Synaptics news, insider Saleel Awsare sold 7,669 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $91.16, for a total transaction of $699,106.04. Following the transaction, the insider now owns 26,362 shares of the company’s stock, valued at $2,403,159.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Mcfarland sold 5,469 shares of Synaptics stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $87.98, for a total value of $481,162.62. Following the sale, the insider now owns 16,290 shares in the company, valued at approximately $1,433,194.20. The disclosure for this sale can be found here. In the last three months, insiders sold 14,084 shares of company stock valued at $1,267,017. Insiders own 0.80% of the company’s stock.

Synaptics Stock Down 4.1 %

Synaptics stock opened at $85.45 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.89 and a quick ratio of 4.36. The stock has a market capitalization of $3.30 billion, a PE ratio of 47.21 and a beta of 1.55. Synaptics Incorporated has a 12 month low of $67.73 and a 12 month high of $142.14. The business has a 50 day simple moving average of $88.79 and a 200-day simple moving average of $92.86.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.22. The business had revenue of $227.30 million for the quarter, compared to the consensus estimate of $224.34 million. Synaptics had a net margin of 5.43% and a return on equity of 17.11%. The business’s revenue was down 52.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 EPS. On average, analysts anticipate that Synaptics Incorporated will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research analyst reports. Susquehanna reduced their target price on Synaptics from $115.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, August 4th. TD Cowen upped their target price on shares of Synaptics from $86.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price objective on shares of Synaptics in a research report on Wednesday. Wells Fargo & Company dropped their target price on Synaptics from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Finally, StockNews.com assumed coverage on Synaptics in a research note on Thursday, August 17th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.08.

Synaptics Company 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.