BNP Paribas Financial Markets Increases Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

BNP Paribas Financial Markets lifted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 111.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,777 shares of the software maker's stock after acquiring an additional 42,101 shares during the period. BNP Paribas Financial Markets owned 0.20% of Synaptics worth $6,189,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SYNA. Algert Global LLC raised its holdings in Synaptics by 44.9% during the third quarter. Algert Global LLC now owns 50,797 shares of the software maker's stock worth $3,941,000 after buying an additional 15,750 shares during the last quarter. Point72 Asset Management L.P. raised its holdings 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 last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Synaptics by 88.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker's stock valued at $14,200,000 after purchasing an additional 75,680 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Synaptics in the second quarter valued at about $941,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Synaptics in the second quarter valued at about $1,923,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SYNA. Susquehanna lowered their target price on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a report on Monday, October 21st. Needham & Company LLC lowered their target price on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. 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. Finally, Rosenblatt Securities reduced their price target on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.33.

Synaptics Stock Performance

NASDAQ:SYNA traded up $2.19 on Wednesday, reaching $82.80. 166,874 shares of the company's stock were exchanged, compared to its average volume of 335,266. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 20.76 and a beta of 1.45. Synaptics Incorporated has a 52 week low of $67.83 and a 52 week high of $121.37. The stock has a fifty day simple moving average of $74.81 and a 200-day simple moving average of $80.84.

Insider Activity

In other news, insider Vikram Gupta sold 2,731 shares of the firm's 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 completion of the transaction, the insider now directly owns 43,245 shares in the company, valued at approximately $3,459,600. This trade represents a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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.