Sigma Planning Corp Sells 174 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Sigma Planning Corp decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,200 shares of the software maker’s stock after selling 174 shares during the quarter. Sigma Planning Corp’s holdings in Synaptics were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SYNA. Signaturefd LLC lifted its position in Synaptics by 711.8% during the third quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock worth $25,000 after purchasing an additional 242 shares during the period. Venturi Wealth Management LLC bought a new stake in Synaptics during the third quarter worth about $31,000. Fifth Third Bancorp lifted its position in Synaptics by 92.4% during the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after purchasing an additional 208 shares during the period. Headinvest LLC bought a new stake in Synaptics during the third quarter worth about $40,000. Finally, Covestor Ltd lifted its position in Synaptics by 180.3% during the third quarter. Covestor Ltd now owns 639 shares of the software maker’s stock worth $57,000 after purchasing an additional 411 shares during the period. Institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SYNA shares. Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Friday, February 9th. Mizuho dropped their target price on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 9th. KeyCorp increased their target price on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Needham & Company LLC increased their target price on shares of Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Rosenblatt Securities increased their target price on shares of Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.40.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the sale, the insider now owns 31,847 shares of the company’s stock, valued at approximately $3,367,820.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Synaptics Trading Up 1.9 %

Synaptics stock opened at $89.26 on Monday. The business has a 50 day moving average of $96.80 and a 200-day moving average of $101.08. Synaptics Incorporated has a 1 year low of $67.73 and a 1 year high of $121.37. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, analysts anticipate that Synaptics Incorporated will post -0.48 earnings per share for the current fiscal year.

Synaptics 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.