Texas Permanent School Fund lessened its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA – Get Rating) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,805 shares of the software maker’s stock after selling 1,693 shares during the period. Texas Permanent School Fund owned about 0.07% of Synaptics worth $2,551,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Synaptics by 355.8% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $37,000 after buying an additional 306 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Synaptics during the first quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd boosted its position in shares of Synaptics by 203.5% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 777 shares of the software maker’s stock valued at $61,000 after buying an additional 521 shares during the period. CWM LLC boosted its position in shares of Synaptics by 138.0% during the fourth quarter. CWM LLC now owns 883 shares of the software maker’s stock valued at $84,000 after buying an additional 512 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Synaptics in the third quarter valued at approximately $89,000. Hedge funds and other institutional investors own 90.40% of the company’s stock.
Synaptics Stock Performance
Shares of SYNA stock opened at $75.77 on Wednesday. The business’s fifty day simple moving average is $100.99 and its 200-day simple moving average is $104.56. The company has a market cap of $2.99 billion, a PE ratio of 17.07 and a beta of 1.55. The company has a current ratio of 4.96, a quick ratio of 4.41 and a debt-to-equity ratio of 0.74. Synaptics Incorporated has a 12-month low of $67.73 and a 12-month high of $158.02.
Insider Transactions at Synaptics
In other news, insider Dean Warren Butler sold 1,350 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $119.36, for a total transaction of $161,136.00. Following the transaction, the insider now directly owns 34,396 shares of the company’s stock, valued at $4,105,506.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Saleel Awsare sold 5,000 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $115.28, for a total transaction of $576,400.00. Following the transaction, the insider now directly owns 33,755 shares of the company’s stock, valued at $3,891,276.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dean Warren Butler sold 1,350 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $119.36, for a total value of $161,136.00. Following the completion of the transaction, the insider now directly owns 34,396 shares in the company, valued at $4,105,506.56. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on SYNA shares. Wells Fargo & Company lowered their price target on Synaptics from $105.00 to $75.00 in a report on Thursday, May 4th. Cowen boosted their price target on Synaptics from $100.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Oppenheimer boosted their price target on Synaptics from $185.00 to $195.00 in a report on Monday, April 24th. Needham & Company LLC lowered their price target on Synaptics from $165.00 to $115.00 in a report on Thursday, May 4th. Finally, KeyCorp lowered their price target on Synaptics from $140.00 to $100.00 in a report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.
Synaptics Company Profile
Synaptics, Inc engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.
Further Reading
- Get a free copy of the StockNews.com research report on Synaptics (SYNA)
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