Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 78.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,532 shares of the software maker's stock after selling 28,246 shares during the quarter. Royce & Associates LP's holdings in Synaptics were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SYNA. US Bancorp DE increased its holdings in Synaptics by 3.5% in the 1st quarter. US Bancorp DE now owns 3,603 shares of the software maker's stock worth $352,000 after acquiring an additional 123 shares in the last quarter. Choreo LLC grew its position in shares of Synaptics by 3.9% in the second quarter. Choreo LLC now owns 4,845 shares of the software maker's stock valued at $417,000 after purchasing an additional 180 shares during the period. Arizona State Retirement System increased its stake in shares of Synaptics by 2.1% during the second quarter. Arizona State Retirement System now owns 11,002 shares of the software maker's stock worth $970,000 after purchasing an additional 229 shares in the last quarter. Diversified Trust Co raised its position in shares of Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker's stock worth $310,000 after purchasing an additional 251 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after buying an additional 267 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synaptics

In other news, insider Vikram Gupta sold 1,008 shares of the business's stock in a transaction that occurred 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 owns 45,789 shares in the company, valued at approximately $3,663,120. The trade was a 2.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 5,609 shares of company stock worth $448,720. Corporate insiders own 1.30% of the company's stock.

Synaptics Stock Performance

NASDAQ SYNA opened at $72.55 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of 18.37 and a beta of 1.47. Synaptics Incorporated has a 1-year low of $67.83 and a 1-year high of $121.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The stock has a 50-day moving average of $73.99 and a two-hundred day moving average of $81.68.

Analysts Set New Price Targets

Several analysts recently commented on SYNA shares. TD Cowen boosted their price target on Synaptics from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Needham & Company LLC reduced their price objective on Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on Synaptics from $120.00 to $100.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Susquehanna reduced their target price on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. Finally, KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $97.33.

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.