California Public Employees Retirement System Sells 2,742 Shares of Synaptics Incorporated (NASDAQ:SYNA)

California Public Employees Retirement System lowered its position in shares of Synaptics Incorporated (NASDAQ:SYNAGet Rating) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,693 shares of the software maker’s stock after selling 2,742 shares during the period. California Public Employees Retirement System’s holdings in Synaptics were worth $9,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics during the first quarter valued at approximately $49,000. San Luis Wealth Advisors LLC bought a new stake in shares of Synaptics during the first quarter valued at approximately $56,000. CWM LLC increased its position in shares of Synaptics by 70.8% during the second quarter. CWM LLC now owns 480 shares of the software maker’s stock valued at $57,000 after acquiring an additional 199 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Synaptics by 32.8% during the second quarter. Parallel Advisors LLC now owns 526 shares of the software maker’s stock valued at $62,000 after acquiring an additional 130 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Synaptics by 147.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 332 shares of the software maker’s stock valued at $66,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

SYNA has been the subject of a number of research analyst reports. Cowen cut their target price on shares of Synaptics from $210.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. KeyCorp cut their target price on shares of Synaptics from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. StockNews.com downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Craig Hallum cut their target price on shares of Synaptics from $180.00 to $120.00 in a research report on Friday, November 4th. Finally, TheStreet downgraded shares of Synaptics from a “b-” rating to a “c+” rating in a research report on Friday, October 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $152.50.

Insider Activity at Synaptics

In related news, insider Saleel Awsare sold 4,000 shares of Synaptics stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $133.58, for a total transaction of $534,320.00. Following the transaction, the insider now owns 38,608 shares in the company, valued at approximately $5,157,256.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Synaptics news, insider Saleel Awsare sold 4,000 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $133.58, for a total value of $534,320.00. Following the sale, the insider now owns 38,608 shares in the company, valued at approximately $5,157,256.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Mcfarland sold 12,299 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $1,088,461.50. Following the completion of the sale, the senior vice president now owns 11,403 shares in the company, valued at approximately $1,009,165.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,487 shares of company stock worth $3,576,733. 0.97% of the stock is owned by corporate insiders.

Synaptics Trading Up 2.7 %

Shares of Synaptics stock opened at $101.98 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.86 and a quick ratio of 3.37. Synaptics Incorporated has a 1-year low of $81.13 and a 1-year high of $299.39. The company’s fifty day simple moving average is $96.54 and its 200-day simple moving average is $119.40. The stock has a market capitalization of $4.07 billion, a PE ratio of 14.72 and a beta of 1.42.

Synaptics (NASDAQ:SYNAGet Rating) last released its earnings results on Thursday, November 3rd. The software maker reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.70. Synaptics had a net margin of 15.53% and a return on equity of 39.05%. The company had revenue of $448.10 million for the quarter, compared to analysts’ expectations of $450.48 million. During the same quarter in the previous year, the company earned $1.98 EPS. Synaptics’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts anticipate that Synaptics Incorporated will post 6.96 earnings per share for the current year.

Synaptics Profile

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Synaptics Incorporated develops, markets, and sells semiconductor product solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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