GSA Capital Partners LLP Purchases Shares of 12,872 Synaptics Incorporated (NASDAQ:SYNA)

GSA Capital Partners LLP acquired a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,872 shares of the software maker's stock, valued at approximately $999,000.

A number of other institutional investors also recently made changes to their positions in SYNA. GAMMA Investing LLC boosted its stake in shares of Synaptics by 261.8% in the third 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. bought a new stake in shares of Synaptics in the second quarter valued at approximately $67,000. Innealta Capital LLC bought a new stake in shares of Synaptics in the second quarter valued at approximately $83,000. CWM LLC boosted its stake in shares of 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 buying an additional 423 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Synaptics in the third quarter valued at approximately $132,000. Institutional investors own 99.43% of the company's stock.

Synaptics Trading Down 0.8 %

NASDAQ SYNA traded down $0.60 on Friday, reaching $74.64. The company had a trading volume of 3,484,591 shares, compared to its average volume of 327,322. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 18.90 and a beta of 1.47. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The business has a 50 day moving average of $73.89 and a two-hundred day moving average of $82.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02.

Analyst Upgrades and Downgrades

SYNA has been the subject of several recent research reports. KeyCorp cut Synaptics from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. Rosenblatt Securities lowered their price objective 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. JPMorgan Chase & Co. lowered 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. Susquehanna lowered their price objective on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Finally, Craig Hallum lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.33.

Insider Activity at Synaptics

In related 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 value of $218,480.00. Following the completion of the sale, the insider now directly owns 43,245 shares in the company, valued at $3,459,600. This represents a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 5,609 shares of company stock worth $448,720 over the last three months. Company insiders own 1.30% of the company's stock.

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.