Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Synaptics Incorporated (NASDAQ:SYNA) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,348 shares of the software maker’s stock after selling 1,268 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Synaptics worth $1,656,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its stake in Synaptics by 27.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker’s stock valued at $2,807,000 after buying an additional 6,276 shares in the last quarter. Point72 Asset Management L.P. raised its position 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 worth $71,875,000 after acquiring an additional 809,712 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Synaptics by 88.7% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock worth $14,200,000 after purchasing an additional 75,680 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Synaptics in the second quarter valued at approximately $941,000. Finally, Intech Investment Management LLC purchased a new position in Synaptics in the second quarter valued at approximately $1,923,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 2,731 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $80.00, for a total transaction of $218,480.00. Following the sale, the insider now directly owns 43,245 shares in the company, valued at approximately $3,459,600. The trade was a 5.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Synaptics Price Performance

Synaptics stock opened at $81.65 on Tuesday. The business has a 50 day simple moving average of $74.10 and a 200-day simple moving average of $81.39. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $121.37. 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 stock has a market capitalization of $3.27 billion, a PE ratio of 20.67 and a beta of 1.47.

Wall Street Analysts Forecast Growth

SYNA has been the subject of several research analyst reports. Craig Hallum lowered their target price on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 9th. KeyCorp lowered Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. TD Cowen boosted 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. Susquehanna dropped 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. Finally, Needham & Company LLC reduced their price objective on Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.33.

Synaptics Profile

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.