Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by State Street Corp

State Street Corp decreased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,843,591 shares of the software maker’s stock after selling 19,038 shares during the quarter. State Street Corp’s holdings in Synaptics were worth $143,026,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC grew its position in Synaptics by 3.9% during the 2nd quarter. Choreo LLC now owns 4,845 shares of the software maker’s stock worth $417,000 after purchasing an additional 180 shares in the last quarter. Arizona State Retirement System grew its position in Synaptics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 11,002 shares of the software maker’s stock worth $970,000 after purchasing an additional 229 shares in the last quarter. Diversified Trust Co grew its position in Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker’s stock worth $310,000 after purchasing an additional 251 shares in the last quarter. GAMMA Investing LLC grew its position in Synaptics by 261.8% during the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after purchasing an additional 267 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Synaptics by 3.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,357 shares of the software maker’s stock worth $737,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SYNA. Susquehanna lowered their price target on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Needham & Company LLC lowered their price target 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. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. TD Cowen lifted their price objective on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities reduced their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.33.

Synaptics Stock Up 0.6 %

Synaptics stock opened at $79.46 on Friday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 20.12 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The firm has a fifty day moving average price of $75.49 and a two-hundred day moving average price of $80.39.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 411 shares of the business’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 completion of the transaction, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% 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.