GSA Capital Partners LLP purchased a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,872 shares of the software maker's stock, valued at approximately $999,000.
A number of other large investors also recently modified their holdings of SYNA. CANADA LIFE ASSURANCE Co increased its position in Synaptics by 27.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker's stock worth $2,807,000 after purchasing an additional 6,276 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Synaptics by 15,571.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker's stock valued at $71,875,000 after acquiring an additional 809,712 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Synaptics by 88.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker's stock valued at $14,200,000 after acquiring an additional 75,680 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Synaptics during the 2nd quarter worth $941,000. Finally, Intech Investment Management LLC acquired a new stake in Synaptics in the 2nd quarter valued at $1,923,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Synaptics stock opened at $74.64 on Friday. 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 1 year low of $67.83 and a 1 year high of $121.37. The firm's 50-day simple moving average is $73.89 and its 200-day simple moving average is $82.07. The firm has a market cap of $2.99 billion, a PE ratio of 18.90 and a beta of 1.47.
In other news, insider Vikram Gupta sold 1,008 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total value of $80,640.00. Following the transaction, the insider now directly owns 45,789 shares in the company, valued at approximately $3,663,120. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 5,609 shares of company stock valued at $448,720 in the last quarter. Insiders own 1.30% of the company's stock.
A number of brokerages have commented on SYNA. Rosenblatt Securities reduced their price objective on Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Needham & Company LLC reduced 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. Susquehanna lowered their price objective on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Finally, KeyCorp lowered shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.33.
View Our Latest Research Report on SYNA
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.
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