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 the company in its most recent 13F 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 period. Mutual of America Capital Management LLC’s holdings in Synaptics were worth $1,656,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SYNA. Point72 Asset Management L.P. grew its holdings in Synaptics by 15,571.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after buying an additional 809,712 shares during the period. Bank of New York Mellon Corp grew its holdings in Synaptics by 18.1% in the second quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock valued at $111,053,000 after purchasing an additional 193,182 shares during the period. Victory Capital Management Inc. increased its position in Synaptics by 39.1% during the second quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker’s stock worth $48,153,000 after purchasing an additional 153,434 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised 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 period. Finally, Emerald Advisers LLC grew its stake 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 buying an additional 72,611 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research reports. Susquehanna cut their target price on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Rosenblatt Securities decreased their target price on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 8th. Craig Hallum cut their price target on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen raised their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.33.

Synaptics Trading Up 6.7 %

SYNA opened at $81.65 on Tuesday. The firm has a market capitalization of $3.27 billion, a P/E ratio of 20.67 and a beta of 1.47. The firm’s 50 day moving average is $74.10 and its 200-day moving average is $81.39. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37.

Insider Buying and Selling

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

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.