US Bancorp DE Sells 140 Shares of Synaptics Incorporated (NASDAQ:SYNA)

US Bancorp DE lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 3.9% during the third quarter, HoldingsChannel reports. The fund owned 3,454 shares of the software maker’s stock after selling 140 shares during the quarter. US Bancorp DE’s holdings in Synaptics were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SYNA. Point72 Asset Management L.P. increased its position in Synaptics by 15,571.4% during the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock worth $71,875,000 after acquiring an additional 809,712 shares during the period. Bank of New York Mellon Corp boosted its stake in Synaptics by 18.1% during the second quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock worth $111,053,000 after buying an additional 193,182 shares in the last quarter. Victory Capital Management Inc. boosted its stake 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 buying an additional 153,434 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Synaptics during the first quarter worth $13,065,000. Finally, Emerald Mutual Fund Advisers Trust boosted 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 buying an additional 75,680 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Analysts Set New Price Targets

SYNA has been the topic of a number of recent research reports. Rosenblatt Securities decreased their price target on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Craig Hallum decreased their price target on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. TD Cowen lifted their price target on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Susquehanna reduced their target price on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, KeyCorp downgraded shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.33.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 1,870 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $80.00, for a total transaction of $149,600.00. Following the transaction, the insider now owns 46,797 shares in the company, valued at $3,743,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,609 shares of company stock worth $448,720 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Synaptics Stock Down 3.2 %

Shares of NASDAQ SYNA opened at $74.50 on Thursday. The firm’s 50-day simple moving average is $73.82 and its 200 day simple moving average is $82.22. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 18.86 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. Synaptics Incorporated has a 12-month low of $67.83 and a 12-month high of $121.37.

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.