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

Willner & Heller LLC reduced its stake in Synaptics Incorporated (NASDAQ:SYNA) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,145 shares of the software maker’s stock after selling 125 shares during the quarter. Willner & Heller LLC’s holdings in Synaptics were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Synaptics by 189.7% during the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after purchasing an additional 53,252 shares during the period. Algert Global LLC grew its stake in Synaptics by 44.9% in the 3rd quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock valued at $3,941,000 after acquiring an additional 15,750 shares during the period. Point72 Asset Management L.P. grew its stake 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 acquiring an additional 809,712 shares during the period. BNP Paribas Financial Markets grew its stake in Synaptics by 111.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock valued at $6,189,000 after acquiring an additional 42,101 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Synaptics in the 2nd quarter valued at $941,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SYNA shares. TD Cowen raised 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. Rosenblatt Securities reduced their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, November 8th. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Susquehanna reduced their price objective 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. Finally, Needham & Company LLC dropped their target price on Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.33.

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the transaction, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Synaptics Stock Performance

Shares of Synaptics stock opened at $83.14 on Monday. Synaptics Incorporated has a one year low of $67.83 and a one year high of $115.85. The company has a market cap of $3.33 billion, a PE ratio of 21.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The business has a 50-day simple moving average of $78.25 and a 200-day simple moving average of $78.00.

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.