Willner & Heller LLC Lowers Stake in Synaptics Incorporated (NASDAQ:SYNA)

Willner & Heller LLC reduced its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,145 shares of the software maker’s stock after selling 125 shares during the period. Willner & Heller LLC’s holdings in Synaptics were worth $316,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Synaptics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 907,347 shares of the software maker’s stock valued at $80,027,000 after acquiring an additional 31,643 shares during the period. Point72 Asset Management L.P. lifted its position in Synaptics by 15,571.4% during 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 acquiring an additional 809,712 shares during the period. Victory Capital Management Inc. lifted its position in Synaptics by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock valued at $44,804,000 after acquiring an additional 31,565 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Synaptics by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock valued at $34,747,000 after acquiring an additional 17,119 shares during the period. Finally, Emerald Advisers LLC lifted its position in Synaptics by 2.5% during the 3rd quarter. Emerald Advisers LLC now owns 207,287 shares of the software maker’s stock valued at $16,081,000 after acquiring an additional 5,004 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Price Performance

Synaptics stock opened at $83.14 on Monday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 21.05 and a beta of 1.44. The firm’s fifty day moving average is $78.25 and its 200 day moving average is $78.00. 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 $115.85.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the transaction, the insider now owns 40,795 shares in the company, valued at $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SYNA. TD Cowen lifted their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC decreased their target price on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 8th. KeyCorp cut shares of Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Rosenblatt Securities decreased their target price on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Susquehanna decreased their target price on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and an average target price of $97.33.

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.