Amalgamated Bank Reduces Stake in Synaptics Incorporated (NASDAQ:SYNA)

Amalgamated Bank lessened its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,081 shares of the software maker’s stock after selling 1,107 shares during the period. Amalgamated Bank’s holdings in Synaptics were worth $1,403,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Synaptics by 28.8% during the first quarter. SG Americas Securities LLC now owns 2,847 shares of the software maker’s stock worth $278,000 after purchasing an additional 637 shares during the last quarter. Swiss National Bank grew its stake in Synaptics by 0.5% during the 1st quarter. Swiss National Bank now owns 77,400 shares of the software maker’s stock worth $7,551,000 after buying an additional 400 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Synaptics by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock valued at $4,748,000 after buying an additional 163 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Synaptics by 3.5% in the first quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock valued at $352,000 after acquiring an additional 123 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Synaptics by 4.5% during the first quarter. ProShare Advisors LLC now owns 9,149 shares of the software maker’s stock worth $893,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 1,008 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total value of $80,640.00. Following the completion of the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 5,609 shares of company stock valued at $448,720 over the last quarter. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Needham & Company LLC reduced their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. TD Cowen upped their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price 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. 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 note on Friday, November 8th. Finally, Susquehanna lowered their target price on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.33.

Synaptics Stock Performance

NASDAQ SYNA opened at $74.50 on Thursday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 18.86 and a beta of 1.47. The business’s 50 day moving average is $73.82 and its two-hundred day moving average is $82.22. Synaptics Incorporated has a 12-month low of $67.83 and a 12-month high of $121.37. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66.

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.