Synaptics Incorporated (NASDAQ:SYNA) Stake Lessened by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYNA. SG Americas Securities LLC lifted its stake in shares of Synaptics by 269.9% in the third quarter. SG Americas Securities LLC now owns 12,251 shares of the software maker's stock worth $950,000 after acquiring an additional 8,939 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Synaptics by 48.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,537 shares of the software maker's stock valued at $973,000 after purchasing an additional 4,100 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 267 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker's stock valued at $310,000 after buying an additional 251 shares during the last quarter. Finally, CWM LLC grew its position in shares of Synaptics by 58.1% during the third 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. Hedge funds and other institutional investors own 99.43% of the company's stock.

Insider Buying and Selling at Synaptics

In related news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SYNA shares. TD Cowen upped their price target on shares of Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th. Susquehanna increased their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Rosenblatt Securities restated a "buy" rating and set a $92.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.25.

Synaptics Stock Performance

NASDAQ:SYNA traded down $1.87 during midday trading on Monday, reaching $69.45. 1,041,590 shares of the company traded hands, compared to its average volume of 782,764. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.42 and a beta of 1.45. The company has a fifty day moving average price of $79.73 and a 200 day moving average price of $77.05. 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 twelve month low of $67.83 and a twelve month high of $115.85.

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.