2,811 Shares in Synaptics Incorporated (NASDAQ:SYNA) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,811 shares of the software maker’s stock, valued at approximately $218,000.

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

Synaptics Stock Down 0.8 %

SYNA opened at $74.64 on Friday. Synaptics Incorporated has a 12 month low of $67.83 and a 12 month high of $121.37. The company has a market cap of $2.99 billion, a PE ratio of 18.90 and a beta of 1.47. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $73.89 and a 200 day moving average of $82.01.

Insiders Place Their Bets

In related news, insider Vikram Gupta sold 1,008 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the sale, the insider now owns 45,789 shares of the company’s stock, valued at approximately $3,663,120. This represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 5,609 shares of company stock worth $448,720 in the last quarter. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SYNA has been the topic of a number of analyst reports. Needham & Company LLC cut their price objective on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna reduced their price objective on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Rosenblatt Securities decreased their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Craig Hallum decreased their price target on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Synaptics currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.33.

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.