Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 14.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 67,710 shares of the software maker’s stock after selling 11,678 shares during the period. AQR Capital Management LLC’s holdings in Synaptics were worth $5,946,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SYNA. Squarepoint Ops LLC purchased a new stake in shares of Synaptics during the 2nd quarter worth approximately $941,000. Point72 Asset Management L.P. lifted its position in Synaptics by 15,571.4% in the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after acquiring an additional 809,712 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Synaptics by 1,121.8% in the second quarter. Cubist Systematic Strategies LLC now owns 18,021 shares of the software maker’s stock valued at $1,589,000 after acquiring an additional 16,546 shares during the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of Synaptics during the second quarter worth about $318,000. Finally, ProShare Advisors LLC grew its holdings in shares of Synaptics by 60.2% during the second quarter. ProShare Advisors LLC now owns 14,660 shares of the software maker’s stock worth $1,293,000 after purchasing an additional 5,511 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 1,008 shares of Synaptics stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total value of $80,640.00. Following the sale, the insider now directly owns 45,789 shares in the company, valued at $3,663,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 5,609 shares of company stock valued at $448,720. Corporate insiders own 1.20% of the company’s stock.

Synaptics Trading Up 1.2 %

Shares of Synaptics stock opened at $76.34 on Friday. Synaptics Incorporated has a one year low of $67.83 and a one year high of $121.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. The firm has a fifty day moving average of $76.22 and a two-hundred day moving average of $85.93.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, equities research analysts forecast that Synaptics Incorporated will post 0.72 EPS for the current fiscal year.

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.