JPMorgan Chase & Co. Trims Stock Holdings in Synaptics Incorporated (NASDAQ:SYNA)

JPMorgan Chase & Co. trimmed its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,676 shares of the software maker's stock after selling 133,866 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of Synaptics worth $13,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SYNA. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 31,643 shares during the last quarter. Point72 Asset Management L.P. boosted 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 worth $71,875,000 after buying an additional 809,712 shares during the last quarter. Victory Capital Management Inc. raised its stake in Synaptics by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker's stock worth $44,804,000 after acquiring an additional 31,565 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $34,747,000 after acquiring an additional 17,119 shares during the period. Finally, Emerald Advisers LLC raised its position in shares of Synaptics by 2.5% during the third quarter. Emerald Advisers LLC now owns 207,287 shares of the software maker's stock valued at $16,081,000 after buying an additional 5,004 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares of the company's stock, valued at $3,330,095.85. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Rosenblatt Securities dropped their price objective on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, November 8th. TD Cowen lifted their price objective on Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Susquehanna reduced 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. Finally, Needham & Company LLC reduced 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.33.

Synaptics Trading Down 3.3 %

Shares of SYNA traded down $2.61 during midday trading on Friday, reaching $75.98. The company had a trading volume of 410,137 shares, compared to its average volume of 632,839. Synaptics Incorporated has a 1-year low of $67.83 and a 1-year high of $115.85. The stock has a market cap of $3.04 billion, a PE ratio of 19.24 and a beta of 1.44. The firm has a 50 day simple moving average of $77.65 and a 200-day simple moving average of $78.33. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66.

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.