Synaptics Incorporated (NASDAQ:SYNA) Position Reduced by US Bancorp DE

US Bancorp DE cut its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,454 shares of the software maker’s stock after selling 140 shares during the quarter. US Bancorp DE’s holdings in Synaptics were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SYNA. SG Americas Securities LLC lifted its stake in Synaptics by 28.8% during the first quarter. SG Americas Securities LLC now owns 2,847 shares of the software maker’s stock valued at $278,000 after buying an additional 637 shares in the last quarter. Swiss National Bank lifted its position in shares of Synaptics by 0.5% in the first quarter. Swiss National Bank now owns 77,400 shares of the software maker’s stock worth $7,551,000 after purchasing an additional 400 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Synaptics by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock worth $4,748,000 after purchasing an additional 163 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Synaptics by 4.5% in the first quarter. ProShare Advisors LLC now owns 9,149 shares of the software maker’s stock worth $893,000 after purchasing an additional 396 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Synaptics in the first quarter worth approximately $13,065,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $80.00, for a total value of $218,480.00. Following the transaction, the insider now owns 43,245 shares of the company’s stock, valued at $3,459,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 5,609 shares of company stock valued at $448,720 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SYNA shares. Craig Hallum reduced their price target on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 9th. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Needham & Company LLC cut their price objective on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Susquehanna cut their price objective on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.33.

Synaptics Trading Down 3.2 %

NASDAQ:SYNA opened at $74.50 on Thursday. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $121.37. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 18.86 and a beta of 1.47. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $73.82 and its 200-day moving average is $82.22.

About Synaptics

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.