Victory Capital Management Inc. Has $44.80 Million Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

Victory Capital Management Inc. grew its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,523 shares of the software maker's stock after acquiring an additional 31,565 shares during the period. Victory Capital Management Inc. owned 1.45% of Synaptics worth $44,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SYNA. SG Americas Securities LLC increased its holdings in shares of Synaptics by 28.8% in the first quarter. SG Americas Securities LLC now owns 2,847 shares of the software maker's stock valued at $278,000 after purchasing an additional 637 shares during the last quarter. Swiss National Bank grew its holdings in Synaptics by 0.5% in the 1st quarter. Swiss National Bank now owns 77,400 shares of the software maker's stock valued at $7,551,000 after buying an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its position in Synaptics by 0.3% during the 1st quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker's stock worth $4,748,000 after buying an additional 163 shares during the period. US Bancorp DE lifted its holdings in shares of Synaptics by 3.5% during the first quarter. US Bancorp DE now owns 3,603 shares of the software maker's stock worth $352,000 after buying an additional 123 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Synaptics by 4.5% in the first quarter. ProShare Advisors LLC now owns 9,149 shares of the software maker's stock valued at $893,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 99.43% of the company's stock.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction on Friday, September 27th. The shares were sold at an average price of $80.00, for a total transaction of $218,480.00. Following the completion of the transaction, the insider now owns 43,245 shares of the company's stock, valued at $3,459,600. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 5,609 shares of company stock worth $448,720 over the last three months. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SYNA shares. Rosenblatt Securities dropped their price objective on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, November 8th. TD Cowen increased 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. Craig Hallum lowered their price objective on Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC decreased their price target on Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $97.33.

Synaptics Trading Down 0.8 %

Shares of NASDAQ:SYNA traded down $0.60 during midday trading on Friday, hitting $74.64. 3,484,591 shares of the stock were exchanged, compared to its average volume of 327,322. The business's 50-day moving average price is $73.89 and its 200 day moving average price is $82.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $121.37. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 18.90 and a beta of 1.47.

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.