Emerald Mutual Fund Advisers Trust Reduces Position in Synaptics Incorporated (NASDAQ:SYNA)

Emerald Mutual Fund Advisers Trust trimmed its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,343 shares of the software maker's stock after selling 7,650 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.39% of Synaptics worth $11,896,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SYNA. GAMMA Investing LLC grew its holdings in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock worth $29,000 after purchasing an additional 267 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Synaptics in the 2nd quarter worth approximately $67,000. Innealta Capital LLC bought a new position in Synaptics during the 2nd quarter valued at approximately $83,000. CWM LLC raised its stake in Synaptics by 58.1% during 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 last quarter. Finally, nVerses Capital LLC bought a new stake in Synaptics in the second quarter worth $141,000. Institutional investors own 99.43% of the company's stock.

Synaptics Trading Up 2.3 %

SYNA traded up $1.55 on Friday, reaching $70.22. 250,496 shares of the company traded hands, compared to its average volume of 301,673. The company has a market cap of $2.80 billion, a P/E ratio of 22.65 and a beta of 1.47. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a one year low of $67.83 and a one year high of $121.37. The firm has a fifty day simple moving average of $74.49 and a two-hundred day simple moving average of $82.75.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The firm had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. During the same quarter last year, the firm posted $0.01 earnings per share. The business's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that Synaptics Incorporated will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 1,008 shares of Synaptics stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the completion of the sale, the insider now directly owns 45,789 shares in the company, valued at approximately $3,663,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 5,609 shares of company stock worth $448,720. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Synaptics from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Craig Hallum decreased their price target on Synaptics from $105.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Susquehanna decreased their target price on Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Finally, KeyCorp cut shares of Synaptics from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Synaptics presently has an average rating of "Moderate Buy" and an average price target of $101.00.

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.