UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Synaptics Incorporated (NASDAQ:SYNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 11.3% in the 3rd quarter, Holdings Channel reports. The firm owned 71,256 shares of the software maker’s stock after selling 9,116 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Synaptics were worth $5,528,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SYNA. GAMMA Investing LLC raised its stake in shares of Synaptics by 261.8% in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Synaptics in the second quarter worth $67,000. Innealta Capital LLC purchased a new position in shares of Synaptics in the second quarter worth $83,000. CWM LLC raised its stake in shares of Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after purchasing an additional 423 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Synaptics in the third quarter worth $132,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

SYNA has been the subject of a number of research reports. 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 report on Friday, November 8th. Rosenblatt Securities reduced their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Susquehanna reduced their price objective on Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a research report on Monday, October 21st. TD Cowen upped their price objective on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $97.33.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 411 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 of the company’s stock, valued at approximately $3,330,095.85. This 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 accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Synaptics Stock Performance

NASDAQ SYNA opened at $81.25 on Wednesday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 20.57 and a beta of 1.45. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $75.24 and a 200-day moving average price of $80.46. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37.

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.