Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Fmr LLC

FMR LLC reduced its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 30.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,874,890 shares of the software maker's stock after selling 828,750 shares during the quarter. FMR LLC owned 4.68% of Synaptics worth $145,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after buying an additional 267 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Synaptics during the 2nd quarter worth $67,000. Innealta Capital LLC acquired a new stake in Synaptics during the 2nd quarter worth $83,000. CWM LLC increased its stake in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock valued at $89,000 after purchasing an additional 423 shares during the period. Finally, Van ECK Associates Corp acquired a new position in Synaptics in the third quarter valued at $132,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Synaptics news, insider Vikram Gupta sold 2,731 shares of the stock in a transaction on Friday, September 27th. The shares were 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 in the company, valued at $3,459,600. This represents a 5.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company's stock.

Synaptics Trading Up 1.3 %

Shares of Synaptics stock traded up $1.02 during trading hours on Wednesday, hitting $81.63. The company's stock had a trading volume of 522,087 shares, compared to its average volume of 336,808. Synaptics Incorporated has a 1-year low of $67.83 and a 1-year high of $121.37. The business has a fifty day moving average of $75.00 and a 200 day moving average of $80.85. The company has a market capitalization of $3.27 billion, a PE ratio of 20.67 and a beta of 1.45. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SYNA. Rosenblatt Securities lowered their target price 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. KeyCorp downgraded shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Needham & Company LLC reduced 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. TD Cowen boosted their price objective on shares of Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Synaptics presently has an average rating of "Moderate Buy" and a consensus price target of $97.33.

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.