Barclays PLC Grows Position in Synaptics Incorporated (NASDAQ:SYNA)

Barclays PLC grew its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 189.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,330 shares of the software maker's stock after purchasing an additional 53,252 shares during the quarter. Barclays PLC owned approximately 0.20% of Synaptics worth $6,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SYNA. Point72 Asset Management L.P. increased its holdings in Synaptics by 15,571.4% during the 2nd 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. Bank of New York Mellon Corp increased its stake in shares of Synaptics by 18.1% during the second quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker's stock valued at $111,053,000 after buying an additional 193,182 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Synaptics by 39.1% during the second quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker's stock valued at $48,153,000 after acquiring an additional 153,434 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Synaptics by 88.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker's stock worth $14,200,000 after acquiring an additional 75,680 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in Synaptics by 56.0% in the second quarter. Emerald Advisers LLC now owns 202,283 shares of the software maker's stock valued at $17,841,000 after acquiring an additional 72,611 shares in the last quarter. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Down 0.2 %

Shares of NASDAQ:SYNA traded down $0.16 during trading on Friday, reaching $74.62. 1,215,970 shares of the stock traded hands, compared to its average volume of 351,446. The stock has a market cap of $2.99 billion, a P/E ratio of 18.89 and a beta of 1.45. 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 stock has a 50-day moving average of $75.79 and a two-hundred day moving average of $79.94. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $119.72.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Rosenblatt Securities dropped their price target on Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. TD Cowen boosted their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th. Needham & Company LLC decreased their price target on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 8th. KeyCorp cut shares of Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. 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 report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.33.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 2,731 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the transaction, the insider now directly owns 43,245 shares of the company's stock, valued at $3,459,600. This represents a 5.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

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.