Holocene Advisors LP Grows Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Holocene Advisors LP lifted its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 51.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,837 shares of the software maker's stock after acquiring an additional 16,193 shares during the quarter. Holocene Advisors LP owned 0.12% of Synaptics worth $3,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Synaptics by 18.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker's stock worth $111,053,000 after acquiring an additional 193,182 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Synaptics by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 907,347 shares of the software maker's stock worth $80,027,000 after purchasing an additional 31,643 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Synaptics by 15,571.4% during the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker's stock worth $71,875,000 after purchasing an additional 809,712 shares during the period. Victory Capital Management Inc. increased its holdings in Synaptics by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker's stock worth $44,804,000 after buying an additional 31,565 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Synaptics by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker's stock valued at $34,747,000 after acquiring an additional 17,119 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Susquehanna cut their price objective on Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Rosenblatt Securities decreased their target price on Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a research 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. Finally, Needham & Company LLC reduced their price target on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $97.33.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 2,731 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the completion of the transaction, the insider now directly owns 43,245 shares of the company's stock, valued at approximately $3,459,600. This represents a 5.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.

Synaptics Trading Up 2.7 %

Shares of SYNA stock traded up $2.12 on Friday, hitting $80.50. The stock had a trading volume of 342,614 shares, compared to its average volume of 336,389. The company's 50 day moving average price is $74.99 and its 200-day moving average price is $80.83. Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $121.37. The firm has a market capitalization of $3.22 billion, a P/E ratio of 19.84 and a beta of 1.45. 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 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.