State Street Corp Cuts Position in Synaptics Incorporated (NASDAQ:SYNA)

State Street Corp decreased its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,843,591 shares of the software maker's stock after selling 19,038 shares during the quarter. State Street Corp owned 4.60% of Synaptics worth $143,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Synaptics by 16.3% during the second quarter. SG Americas Securities LLC now owns 3,312 shares of the software maker's stock valued at $292,000 after purchasing an additional 465 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Synaptics by 8.6% during the 2nd quarter. Diversified Trust Co now owns 3,746 shares of the software maker's stock valued at $330,000 after buying an additional 297 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Synaptics by 18.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker's stock worth $111,053,000 after buying an additional 193,182 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Synaptics in the 2nd quarter worth $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $737,000 after acquiring an additional 299 shares during the period. Institutional investors own 99.43% of the company's stock.

Synaptics Price Performance

SYNA stock traded up $0.46 during trading on Friday, reaching $79.46. The company's stock had a trading volume of 830,106 shares, compared to its average volume of 344,898. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The company's fifty day moving average is $75.49 and its 200-day moving average is $80.39. The company has a market capitalization of $3.18 billion, a P/E ratio of 20.12 and a beta of 1.45. Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $121.37.

Wall Street Analyst Weigh In

SYNA has been the subject of a number of recent research reports. Susquehanna cut their price target on Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Rosenblatt Securities cut their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, November 8th. KeyCorp cut shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. TD Cowen lifted their price target 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. Finally, Needham & Company LLC reduced their price objective on Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 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.com, Synaptics has an average rating of "Moderate Buy" and an average price target of $97.33.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 411 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the transaction, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.