Sigma Planning Corp Sells 174 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Sigma Planning Corp lowered its stake in Synaptics Incorporated (NASDAQ:SYNA) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,200 shares of the software maker’s stock after selling 174 shares during the period. Sigma Planning Corp’s holdings in Synaptics were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Synaptics by 711.8% in the third quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Synaptics in the third quarter worth $31,000. Fifth Third Bancorp grew its stake in Synaptics by 92.4% in the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after purchasing an additional 208 shares during the period. Headinvest LLC purchased a new stake in Synaptics in the third quarter worth $40,000. Finally, Covestor Ltd grew its stake in Synaptics by 180.3% in the third quarter. Covestor Ltd now owns 639 shares of the software maker’s stock worth $57,000 after purchasing an additional 411 shares during the period. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

SYNA stock opened at $89.26 on Monday. Synaptics Incorporated has a fifty-two week low of $67.73 and a fifty-two week high of $121.37. The business’s 50-day moving average is $96.80 and its two-hundred day moving average is $101.08. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.26 million. During the same quarter in the prior year, the company earned $1.47 earnings per share. Synaptics’s revenue was down 32.9% on a year-over-year basis. On average, research analysts forecast that Synaptics Incorporated will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SYNA. Susquehanna increased their target price on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. KeyCorp upped their price target on Synaptics from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, February 9th. TD Cowen upped their price target on Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Craig Hallum downgraded Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Friday, February 9th. Finally, Needham & Company LLC upped their price target on Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.40.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $105.75, for a total value of $382,392.00. Following the completion of the sale, the insider now owns 31,847 shares in the company, valued at $3,367,820.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Synaptics 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.