PDT Partners LLC purchased a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,629 shares of the software maker's stock, valued at approximately $592,000.
A number of other institutional investors have also recently bought and sold shares of SYNA. Choreo LLC raised its stake in Synaptics by 3.9% in the 2nd quarter. Choreo LLC now owns 4,845 shares of the software maker's stock valued at $417,000 after acquiring an additional 180 shares during the period. Arizona State Retirement System boosted its holdings in shares of Synaptics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 11,002 shares of the software maker's stock worth $970,000 after buying an additional 229 shares during the period. Diversified Trust Co grew its stake in Synaptics by 6.7% in 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. GAMMA Investing LLC lifted its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock worth $29,000 after acquiring an additional 267 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Synaptics by 3.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,357 shares of the software maker's stock valued at $737,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.
Insiders Place Their Bets
In other news, insider Vikram Gupta sold 2,731 shares of the company's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $80.00, for a total transaction of $218,480.00. Following the transaction, the insider now owns 43,245 shares in the company, valued at approximately $3,459,600. This represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SYNA shares. Rosenblatt Securities lowered their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, November 8th. TD Cowen increased their price target on shares of Synaptics from $90.00 to $100.00 and gave the stock a "buy" rating 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. Needham & Company LLC decreased their price target on Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Finally, Susquehanna dropped 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $97.33.
Check Out Our Latest Stock Analysis on SYNA
Synaptics Trading Down 0.8 %
Shares of SYNA traded down $0.65 during mid-day trading on Tuesday, reaching $80.61. 235,121 shares of the company were exchanged, compared to its average volume of 336,013. The business has a 50 day simple moving average of $74.67 and a two-hundred day simple moving average of $80.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The stock has a market capitalization of $3.23 billion, a PE ratio of 20.38 and a beta of 1.45. Synaptics Incorporated has a 52 week low of $67.83 and a 52 week high of $121.37.
About Synaptics
(
Free Report)
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.
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