Choreo LLC Sells 183 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Choreo LLC decreased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,483 shares of the software maker’s stock after selling 183 shares during the quarter. Choreo LLC’s holdings in Synaptics were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after purchasing an additional 267 shares during the period. Quarry LP acquired a new position in Synaptics during the 3rd quarter worth about $31,000. CWM LLC grew its position in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after buying an additional 423 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Synaptics in the third quarter valued at about $132,000. Finally, KBC Group NV raised its position in shares of Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SYNA shares. TD Cowen upped their target price on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Susquehanna upped their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $92.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ken Rizvi bought 3,600 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.

Synaptics Price Performance

SYNA stock opened at $72.07 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The company’s 50-day moving average is $78.77 and its 200-day moving average is $76.60. The stock has a market capitalization of $2.82 billion, a PE ratio of 17.04 and a beta of 1.45. Synaptics Incorporated has a 1 year low of $67.16 and a 1 year high of $112.00.

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.