Dana Investment Advisors Inc. Sells 694 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Dana Investment Advisors Inc. lessened its stake in Synaptics Incorporated (NASDAQ:SYNA) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,864 shares of the software maker’s stock after selling 694 shares during the period. Dana Investment Advisors Inc. owned about 0.13% of Synaptics worth $4,574,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SYNA. Wellington Management Group LLP raised its holdings in Synaptics by 3.4% in the 4th quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock valued at $156,718,000 after acquiring an additional 44,548 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Synaptics by 18.1% in the second quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock valued at $111,053,000 after purchasing an additional 193,182 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Synaptics by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 907,347 shares of the software maker’s stock worth $80,027,000 after purchasing an additional 31,643 shares during the period. Point72 Asset Management L.P. boosted its stake in Synaptics by 15,571.4% during the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock worth $71,875,000 after buying an additional 809,712 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Synaptics by 39.1% during the second quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker’s stock worth $48,153,000 after buying an additional 153,434 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of Synaptics stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the completion of the sale, the insider now owns 45,789 shares of the company’s stock, valued at approximately $3,663,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 5,609 shares of company stock worth $448,720 in the last quarter. 1.20% of the stock is owned by company insiders.

Synaptics Stock Down 2.8 %

Shares of NASDAQ SYNA opened at $75.39 on Wednesday. Synaptics Incorporated has a 12-month low of $67.83 and a 12-month high of $121.37. The firm’s 50-day simple moving average is $77.26 and its 200 day simple moving average is $86.38. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -27.82 and a beta of 1.47.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm had revenue of $247.40 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same quarter in the previous year, the company posted $0.01 EPS. Synaptics’s revenue was up 8.8% on a year-over-year basis. On average, research analysts expect that Synaptics Incorporated will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp decreased their target price on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Craig Hallum lowered their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Needham & Company LLC decreased their price target on Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, TD Cowen lowered their target price on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.44.

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.