Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Synaptics Incorporated (NASDAQ:SYNA) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,000 shares of the software maker’s stock after selling 9,900 shares during the quarter. Swiss National Bank owned 0.20% of Synaptics worth $8,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Synaptics by 711.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Synaptics in the third quarter worth $31,000. Fifth Third Bancorp increased its stake in shares of Synaptics by 92.4% in the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after buying an additional 208 shares during the last quarter. Headinvest LLC acquired a new stake in Synaptics in the third quarter valued at $40,000. Finally, Covestor Ltd boosted its stake in Synaptics by 180.3% during the 3rd quarter. Covestor Ltd now owns 639 shares of the software maker’s stock valued at $57,000 after acquiring an additional 411 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Performance

Shares of SYNA opened at $88.38 on Tuesday. The firm has a fifty day moving average of $93.76 and a 200-day moving average of $101.03. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -32.61 and a beta of 1.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.78 and a current ratio of 5.32. Synaptics Incorporated has a 1 year low of $73.38 and a 1 year high of $121.37.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The firm had revenue of $237.30 million during the quarter, compared to analyst estimates of $235.17 million. During the same period in the previous year, the business posted $1.14 EPS. Synaptics’s revenue was down 27.3% on a year-over-year basis. As a group, equities analysts anticipate that Synaptics Incorporated will post -0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYNA. Wells Fargo & Company dropped their target price on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday. Rosenblatt Securities upped their price objective on Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. KeyCorp decreased their target price on Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday. Susquehanna upped their price target on Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and a consensus price target of $117.67.

Insider Buying and Selling

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

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.