State of New Jersey Common Pension Fund D Acquires 4,343 Shares of Synaptics Incorporated (NASDAQ:SYNA)

State of New Jersey Common Pension Fund D lifted its position in Synaptics Incorporated (NASDAQ:SYNA) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,745 shares of the software maker’s stock after acquiring an additional 4,343 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Synaptics worth $1,920,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after acquiring an additional 267 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Synaptics in the 2nd quarter worth approximately $67,000. Innealta Capital LLC bought a new position in shares of Synaptics in the 2nd quarter worth approximately $83,000. CWM LLC raised its position in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after acquiring an additional 423 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Synaptics in the 2nd quarter worth approximately $141,000. Institutional investors own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Craig Hallum decreased their target price on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. TD Cowen upped their price target on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Finally, Rosenblatt Securities cut their price target on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.33.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 2,731 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $80.00, for a total value of $218,480.00. Following the transaction, the insider now directly owns 43,245 shares in the company, valued at $3,459,600. This trade represents a 5.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 5,609 shares of company stock worth $448,720 in the last ninety days. Insiders own 1.30% of the company’s stock.

Synaptics Stock Performance

Shares of SYNA opened at $74.64 on Monday. The business’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $81.97. The company has a current ratio of 4.49, a quick ratio of 4.02 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. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 18.90 and a beta of 1.47.

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.