UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 11.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,256 shares of the software maker’s stock after selling 9,116 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Synaptics worth $5,528,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Algert Global LLC raised its holdings in shares of Synaptics by 44.9% during the 3rd quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock valued at $3,941,000 after buying an additional 15,750 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Synaptics by 15,571.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after buying an additional 809,712 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Synaptics by 111.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock valued at $6,189,000 after buying an additional 42,101 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Synaptics by 88.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock valued at $14,200,000 after buying an additional 75,680 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Synaptics in the 2nd quarter worth approximately $941,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Trading Down 1.3 %

NASDAQ SYNA opened at $81.25 on Wednesday. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37. The firm has a market capitalization of $3.25 billion, a PE ratio of 20.57 and a beta of 1.45. The stock’s 50 day moving average is $75.24 and its 200 day moving average is $80.46.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now directly owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SYNA shares. Susquehanna decreased their price target on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Needham & Company LLC decreased their price target on Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. TD Cowen lifted their price target on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities decreased their price target on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.33.

About Synaptics

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.