Royce & Associates LP Sells 28,246 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Royce & Associates LP decreased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 78.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,532 shares of the software maker’s stock after selling 28,246 shares during the quarter. Royce & Associates LP’s holdings in Synaptics were worth $584,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SYNA. Point72 Asset Management L.P. lifted its stake 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. Bank of New York Mellon Corp raised its holdings in shares of Synaptics by 18.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock worth $111,053,000 after buying an additional 193,182 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Synaptics by 39.1% in the second quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker’s stock worth $48,153,000 after acquiring an additional 153,434 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in Synaptics by 88.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock valued at $14,200,000 after buying an additional 75,680 shares in the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Synaptics by 56.0% during the 2nd quarter. Emerald Advisers LLC now owns 202,283 shares of the software maker’s stock valued at $17,841,000 after acquiring an additional 72,611 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYNA has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Craig Hallum lowered their price objective on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, August 9th. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Rosenblatt Securities dropped their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, TD Cowen lifted their target price on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report 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 stock. Based on data from MarketBeat, Synaptics presently has an average rating of “Moderate Buy” and a consensus target price of $97.33.

Insiders Place Their Bets

In related news, insider Vikram Gupta sold 1,008 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 45,789 shares of the company’s stock, valued at approximately $3,663,120. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 5,609 shares of company stock worth $448,720 in the last quarter. 1.30% of the stock is owned by company insiders.

Synaptics Trading Down 0.2 %

NASDAQ:SYNA opened at $72.55 on Thursday. Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $121.37. The stock’s fifty day moving average price is $73.99 and its two-hundred day moving average price is $81.68. 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 company has a market cap of $2.91 billion, a P/E ratio of 18.37 and a beta of 1.47.

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.