Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 17.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 155,220 shares of the software maker's stock after selling 31,800 shares during the period. Two Sigma Advisers LP owned about 0.39% of Synaptics worth $12,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Choreo LLC raised its position in Synaptics by 3.9% during the 2nd quarter. Choreo LLC now owns 4,845 shares of the software maker's stock valued at $417,000 after purchasing an additional 180 shares in the last quarter. Arizona State Retirement System raised its position in Synaptics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 11,002 shares of the software maker's stock valued at $970,000 after purchasing an additional 229 shares in the last quarter. Diversified Trust Co raised its position in Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker's stock valued at $310,000 after purchasing an additional 251 shares in the last quarter. GAMMA Investing LLC raised its position in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Synaptics by 3.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,357 shares of the software maker's stock valued at $737,000 after acquiring an additional 299 shares during the period. 99.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the completion of the sale, the insider now owns 43,245 shares of the company's stock, valued at approximately $3,459,600. The trade was a 5.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Synaptics Stock Down 1.3 %

SYNA stock traded down $1.11 on Tuesday, hitting $81.25. 368,494 shares of the company's stock were exchanged, compared to its average volume of 336,932. Synaptics Incorporated has a 12-month low of $67.83 and a 12-month high of $121.37. The firm has a 50 day moving average price of $75.13 and a two-hundred day moving average price of $80.52. 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 cap of $3.25 billion, a P/E ratio of 20.85 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SYNA shares. TD Cowen lifted their price target on Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th. Needham & Company LLC cut their price target on Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Susquehanna cut their price target on Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a report on Monday, October 21st. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Finally, Rosenblatt Securities cut their price target on Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.