Moody National Bank Trust Division trimmed its holdings in Synaptics Incorporated (NASDAQ:SYNA – Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,407 shares of the software maker’s stock after selling 7,391 shares during the quarter. Moody National Bank Trust Division’s holdings in Synaptics were worth $770,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Optiver Holding B.V. lifted its stake in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after acquiring an additional 170 shares during the period. California State Teachers Retirement System grew its stake in shares of Synaptics by 0.6% in the second quarter. California State Teachers Retirement System now owns 36,853 shares of the software maker’s stock worth $2,389,000 after acquiring an additional 209 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Synaptics by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,617 shares of the software maker’s stock worth $490,000 after acquiring an additional 239 shares during the period. Stoneridge Investment Partners LLC raised its holdings in shares of Synaptics by 7.5% during the third quarter. Stoneridge Investment Partners LLC now owns 3,653 shares of the software maker’s stock valued at $250,000 after purchasing an additional 254 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Synaptics by 21.9% during the fourth quarter. GAMMA Investing LLC now owns 1,414 shares of the software maker’s stock valued at $105,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Synaptics Stock Performance
Shares of SYNA opened at $74.96 on Thursday. The business has a 50-day simple moving average of $82.11 and a two-hundred day simple moving average of $75.32. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $97.00. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -47.14, a PEG ratio of 3.08 and a beta of 1.68.
Wall Street Analyst Weigh In
SYNA has been the topic of several research reports. Rosenblatt Securities raised their target price on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Needham & Company LLC boosted their target price on shares of Synaptics from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Barclays reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Synaptics in a report on Thursday, January 15th. Finally, Wells Fargo & Company upped their price objective on Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.91.
Read Our Latest Research Report on Synaptics
Insider Activity at Synaptics
In other Synaptics news, insider Lisa Bodensteiner sold 576 shares of Synaptics stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $84.93, for a total transaction of $48,919.68. Following the transaction, the insider owned 72,307 shares of the company’s stock, valued at $6,141,033.51. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikram Gupta sold 772 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider owned 95,996 shares of the company’s stock, valued at approximately $7,830,393.72. The trade was a 0.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,454 shares of company stock worth $202,505 in the last ninety days. Insiders own 0.50% of the company’s stock.
Synaptics Company Profile
Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.
Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.
Featured Stories
Want to see what other hedge funds are holding SYNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synaptics Incorporated (NASDAQ:SYNA – Free Report).
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.
