Synaptics Incorporated (NASDAQ:SYNA) Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 30.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,720 shares of the software maker's stock after selling 40,802 shares during the period. Principal Financial Group Inc. owned 0.23% of Synaptics worth $7,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Synaptics by 261.8% during the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after purchasing an additional 267 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Synaptics in the 2nd quarter worth $67,000. Innealta Capital LLC acquired a new stake in Synaptics during the 2nd quarter worth about $83,000. CWM LLC grew its position in Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after purchasing an additional 423 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in Synaptics during the 3rd quarter worth about $132,000. Hedge funds and other institutional investors own 99.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. TD Cowen raised their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Rosenblatt Securities decreased their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Needham & Company LLC reduced their price target on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Susquehanna dropped their price target on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Synaptics currently has an average rating of "Moderate Buy" and an average price target of $97.33.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 45,789 shares of the company's stock, valued at $3,663,120. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,609 shares of company stock valued at $448,720 in the last quarter. Insiders own 1.30% of the company's stock.

Synaptics Price Performance

Shares of SYNA traded down $0.49 during mid-day trading on Wednesday, reaching $72.20. 221,119 shares of the company's stock were exchanged, compared to its average volume of 330,024. The company has a 50-day simple moving average of $73.98 and a two-hundred day simple moving average of $81.74. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 18.40 and a beta of 1.47. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37. 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 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.