New York State Teachers Retirement System Sells 2,600 Shares of Synaptics Incorporated (NASDAQ:SYNA)

New York State Teachers Retirement System lessened its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,706 shares of the software maker’s stock after selling 2,600 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Synaptics worth $3,259,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Quarry LP bought a new stake in Synaptics during the 3rd quarter valued at approximately $31,000. CWM LLC boosted its stake in Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after purchasing an additional 423 shares during the period. KBC Group NV boosted its stake in Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after purchasing an additional 837 shares during the period. Van ECK Associates Corp bought a new stake in Synaptics during the 3rd quarter valued at approximately $132,000. Finally, Aigen Investment Management LP bought a new stake in Synaptics during the 3rd quarter valued at approximately $218,000. Institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Synaptics

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

Synaptics Price Performance

Shares of SYNA stock opened at $71.76 on Friday. The stock has a 50 day moving average of $78.00 and a two-hundred day moving average of $76.36. Synaptics Incorporated has a 12 month low of $67.16 and a 12 month high of $109.00. The company has a market capitalization of $2.81 billion, a P/E ratio of 16.96 and a beta of 1.45. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60.

Synaptics Company 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.