Avior Wealth Management LLC Sells 272 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Avior Wealth Management LLC trimmed its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 42.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 365 shares of the software maker’s stock after selling 272 shares during the quarter. Avior Wealth Management LLC’s holdings in Synaptics were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SYNA. GAMMA Investing LLC increased its stake in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Synaptics during the 2nd quarter worth $67,000. Innealta Capital LLC bought a new position in Synaptics during the second quarter worth about $83,000. CWM LLC grew its stake in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Synaptics in the second quarter worth about $141,000. 99.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction dated 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 transaction, the insider now owns 43,245 shares in the company, valued at approximately $3,459,600. This trade represents a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SYNA has been the topic of several recent analyst reports. TD Cowen lifted their price objective on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna reduced their price target 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. Craig Hallum cut their price objective on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC lowered their target price on Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.33.

Synaptics Stock Up 6.7 %

NASDAQ:SYNA opened at $81.65 on Tuesday. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 20.67 and a beta of 1.47. 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 stock’s 50 day moving average price is $74.10 and its two-hundred day moving average price is $81.39.

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.