GHP Investment Advisors Inc. Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

GHP Investment Advisors Inc. lowered its position in Synaptics Incorporated (NASDAQ:SYNA) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,472 shares of the software maker’s stock after selling 3,722 shares during the period. GHP Investment Advisors Inc. owned approximately 0.25% of Synaptics worth $7,515,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Synaptics by 261.8% during the third 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. Quarry LP acquired a new position in shares of Synaptics during the 3rd quarter worth $31,000. CWM LLC boosted its position in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after buying an additional 423 shares in the last quarter. KBC Group NV grew its stake in Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after acquiring an additional 837 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in Synaptics during the 3rd quarter valued at about $132,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Performance

Shares of SYNA stock opened at $75.91 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.22 and a beta of 1.45. Synaptics Incorporated has a one year low of $67.83 and a one year high of $115.85. The company has a 50 day moving average price of $79.98 and a 200 day moving average price of $77.39.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the sale, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SYNA. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $92.00 target price on shares of Synaptics in a research note on Tuesday. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Susquehanna boosted their price target on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, TD Cowen increased their price objective on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.44.

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.