Sigma Planning Corp Decreases Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

Sigma Planning Corp reduced its holdings in Synaptics Incorporated (NASDAQ:SYNAFree Report) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,374 shares of the software maker’s stock after selling 1,000 shares during the period. Sigma Planning Corp’s holdings in Synaptics were worth $212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SYNA. Brown Brothers Harriman & Co. purchased a new position in shares of Synaptics in the first quarter valued at approximately $49,000. Signaturefd LLC lifted its position in shares of Synaptics by 711.8% in the third quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Synaptics in the third quarter valued at approximately $31,000. Belpointe Asset Management LLC lifted its position in shares of Synaptics by 112.9% in the first quarter. Belpointe Asset Management LLC now owns 364 shares of the software maker’s stock valued at $40,000 after acquiring an additional 193 shares in the last quarter. Finally, 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 buying an additional 208 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on SYNA shares. KeyCorp lifted their price objective on Synaptics from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. StockNews.com downgraded Synaptics from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Mizuho reduced their price objective on Synaptics from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. JPMorgan Chase & Co. initiated coverage on Synaptics in a research report on Friday, December 8th. They set an “overweight” rating and a $130.00 price objective on the stock. Finally, Needham & Company LLC lifted their target price on Synaptics from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Synaptics has a consensus rating of “Moderate Buy” and a consensus target price of $115.91.

View Our Latest Analysis on Synaptics

Insider Buying and Selling at Synaptics

In other Synaptics news, insider John Mcfarland sold 884 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $105.83, for a total value of $93,553.72. Following the transaction, the insider now directly owns 15,183 shares of the company’s stock, valued at $1,606,816.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Synaptics Stock Performance

Shares of NASDAQ:SYNA opened at $103.85 on Wednesday. The business’s fifty day moving average price is $108.75 and its two-hundred day moving average price is $96.86. The company has a current ratio of 4.52, a quick ratio of 3.98 and a debt-to-equity ratio of 0.81. Synaptics Incorporated has a one year low of $67.73 and a one year high of $131.16.

Synaptics (NASDAQ:SYNAGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The software maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $237.70 million for the quarter, compared to analyst estimates of $230.43 million. Synaptics had a positive return on equity of 7.24% and a negative net margin of 4.07%. The business’s revenue for the quarter was down 47.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.89 EPS. Sell-side analysts forecast that Synaptics Incorporated will post -0.49 EPS for the current fiscal year.

Synaptics Profile

(Free Report)

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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Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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