Amalgamated Bank Reduces Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Amalgamated Bank trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNAFree Report) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,832 shares of the software maker’s stock after selling 1,045 shares during the period. Amalgamated Bank owned 0.06% of Synaptics worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYNA. Trigran Investments Inc. raised its holdings in shares of Synaptics by 67.1% in the 2nd quarter. Trigran Investments Inc. now owns 1,374,752 shares of the software maker’s stock worth $117,376,000 after purchasing an additional 551,959 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Synaptics by 75.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,030,462 shares of the software maker’s stock worth $87,981,000 after purchasing an additional 443,026 shares in the last quarter. Norges Bank bought a new stake in shares of Synaptics in the 4th quarter worth approximately $34,790,000. BlackRock Inc. raised its holdings in shares of Synaptics by 6.9% in the 2nd quarter. BlackRock Inc. now owns 5,323,437 shares of the software maker’s stock worth $454,515,000 after purchasing an additional 341,905 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Synaptics by 55.0% in the 4th quarter. Alliancebernstein L.P. now owns 864,167 shares of the software maker’s stock worth $82,234,000 after purchasing an additional 306,742 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Synaptics Trading Up 1.3 %

Synaptics stock opened at $113.68 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. Synaptics Incorporated has a twelve month low of $67.73 and a twelve month high of $129.34. The firm’s 50 day moving average price is $109.53 and its two-hundred day moving average price is $97.46.

Synaptics (NASDAQ:SYNAGet Free Report) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The company had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. On average, analysts forecast that Synaptics Incorporated will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYNA. Needham & Company LLC boosted their price target on shares of Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a report on Monday. Craig Hallum lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Friday. Mizuho cut their price target on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Friday. Finally, Susquehanna boosted their price target on shares of Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.36.

Get Our Latest Analysis on Synaptics

Insiders Place Their Bets

In other Synaptics news, insider John Mcfarland sold 884 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $105.83, for a total value of $93,553.72. Following the completion of the sale, the insider now directly owns 15,183 shares of the company’s stock, valued at $1,606,816.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Synaptics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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