Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 232.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,406 shares of the software maker’s stock after acquiring an additional 5,880 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Synaptics were worth $652,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SYNA. GAMMA Investing LLC boosted its stake in shares of Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after purchasing an additional 267 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Synaptics in the 2nd quarter worth $67,000. Innealta Capital LLC purchased a new position in Synaptics in the 2nd quarter valued at about $83,000. CWM LLC grew its stake in shares of Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Synaptics during the third quarter worth about $132,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Price Performance

Shares of NASDAQ:SYNA opened at $78.36 on Friday. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $74.35 and a 200 day simple moving average of $81.23. 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 $3.14 billion, a PE ratio of 19.84 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SYNA shares. JPMorgan Chase & Co. reduced their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Susquehanna decreased their price target 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 cut their price target 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. Needham & Company LLC decreased their price objective on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, TD Cowen upped their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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 business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $80.00, for a total transaction 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. The trade was a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

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.