Avior Wealth Management LLC Has $28,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

Avior Wealth Management LLC cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 42.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SYNA. Bank of New York Mellon Corp boosted its stake in Synaptics by 18.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock valued at $111,053,000 after purchasing an additional 193,182 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Synaptics by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 907,347 shares of the software maker’s stock worth $80,027,000 after buying an additional 31,643 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Synaptics by 15,571.4% in the second 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. boosted its position in shares of Synaptics by 5.8% in the third 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. Finally, Emerald Advisers LLC grew its stake in shares of Synaptics by 2.5% in the third 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 in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Synaptics Trading Up 6.7 %

Shares of SYNA stock opened at $81.65 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The company has a market cap of $3.27 billion, a PE ratio of 20.67 and a beta of 1.47. The stock’s fifty day moving average price is $74.10 and its two-hundred day moving average price is $81.39.

Insider Activity at Synaptics

In other news, insider Vikram Gupta sold 2,731 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $80.00, for a total value of $218,480.00. Following the completion of the transaction, the insider now owns 43,245 shares of the company’s stock, valued at approximately $3,459,600. This represents a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

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.