JPMorgan Chase & Co. cut its position in Synaptics Incorporated (NASDAQ:SYNA – Free Report) by 43.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,676 shares of the software maker’s stock after selling 133,866 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of Synaptics worth $13,784,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SYNA. Barclays PLC raised its stake in Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after acquiring an additional 53,252 shares during the period. Algert Global LLC increased its stake in shares of Synaptics by 44.9% in the third quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock worth $3,941,000 after purchasing an additional 15,750 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Synaptics by 15,571.4% in the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after purchasing an additional 809,712 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Synaptics by 111.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock valued at $6,189,000 after buying an additional 42,101 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Synaptics in the 2nd quarter worth approximately $941,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Analyst Ratings Changes
SYNA has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna decreased their price objective on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. TD Cowen raised their target price on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Finally, Rosenblatt Securities lowered their price target on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Synaptics has an average rating of “Moderate Buy” and an average target price of $97.33.
Synaptics Stock Down 3.3 %
Shares of NASDAQ SYNA opened at $75.98 on Friday. The business has a 50-day moving average of $77.65 and a 200-day moving average of $78.33. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.24 and a beta of 1.44. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $115.85.
Insiders Place Their Bets
In other news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the sale, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Synaptics
- Stock Sentiment Analysis: How it Works
- 3 Defense Stocks Gaining From Budget and Interest Rate Pressures
- How to Read Stock Charts for Beginners
- 3 Natural Gas Stocks Set to Thrive in This Winter’s Freeze
- How Investors Can Find the Best Cheap Dividend Stocks
- Bullish on Athleisure? Here’s Why Lululemon Stock Shines
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.