Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,256 shares of the software maker's stock after selling 9,116 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Synaptics worth $5,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Synaptics during the 2nd quarter worth about $67,000. Innealta Capital LLC purchased a new position in Synaptics in the second quarter valued at approximately $83,000. CWM LLC grew its stake in Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after buying an additional 423 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Synaptics in the third quarter worth $132,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 directly owns 40,795 shares of the company's stock, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Synaptics Stock Performance

Shares of Synaptics stock traded up $1.54 during trading on Wednesday, hitting $82.79. 976,924 shares of the stock were exchanged, compared to its average volume of 339,610. The stock has a market cap of $3.32 billion, a PE ratio of 20.96 and a beta of 1.45. The stock's fifty day moving average is $75.36 and its 200 day moving average is $80.47. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $121.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49.

Analyst Ratings Changes

SYNA has been the topic of several research reports. KeyCorp lowered Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Rosenblatt Securities decreased their price objective 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. Needham & Company LLC reduced their price target on Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 8th. Susquehanna dropped their price objective on Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.