California Public Employees Retirement System cut its stake in shares of Synaptics Inc. (NASDAQ:SYNA) by 10.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 69,700 shares of the company’s stock after selling 8,000 shares during the period. California Public Employees Retirement System’s holdings in Synaptics were worth $4,083,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in SYNA. Geode Capital Management LLC boosted its position in shares of Synaptics by 6.0% in the first quarter. Geode Capital Management LLC now owns 256,358 shares of the company’s stock valued at $20,441,000 after buying an additional 14,498 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Synaptics by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,898 shares of the company’s stock valued at $4,617,000 after buying an additional 1,201 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Synaptics during the first quarter valued at $1,423,000. BNP Paribas Arbitrage SA boosted its position in shares of Synaptics by 149.5% in the second quarter. BNP Paribas Arbitrage SA now owns 25,811 shares of the company’s stock valued at $1,387,000 after buying an additional 15,467 shares in the last quarter. Finally, New England Research & Management Inc. bought a new position in shares of Synaptics during the second quarter valued at $546,000. 92.58% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

Synaptics Inc. (NASDAQ:SYNA) traded down 0.32% during midday trading on Tuesday, hitting $53.17. The company’s stock had a trading volume of 493,484 shares. Synaptics Inc. has a 52-week low of $47.09 and a 52-week high of $90.91. The stock has a 50 day moving average of $59.11 and a 200 day moving average of $57.87. The company has a market cap of $1.86 billion, a PE ratio of 37.90 and a beta of 1.39.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.03. Synaptics had a return on equity of 15.27% and a net margin of 3.29%. The business earned $386.20 million during the quarter, compared to analysts’ expectations of $372.65 million. During the same quarter last year, the business posted $1.49 EPS. The company’s quarterly revenue was down 17.8% on a year-over-year basis. On average, equities analysts expect that Synaptics Inc. will post $4.89 EPS for the current year.

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SYNA has been the subject of several analyst reports. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Thursday, August 4th. Pacific Crest reaffirmed a “sector perform” rating on shares of Synaptics in a report on Monday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Synaptics in a report on Friday, September 9th. Mizuho upgraded Synaptics from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $74.00 in a research note on Thursday, October 13th. Finally, Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and decreased their price target for the company from $70.00 to $65.00 in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $73.08.

In related news, VP Wajid Ali sold 859 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $56.36, for a total value of $48,413.24. Following the sale, the vice president now owns 21,188 shares in the company, valued at $1,194,155.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott Deutsch sold 983 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $56.50, for a total value of $55,539.50. Following the completion of the sale, the senior vice president now owns 15,341 shares in the company, valued at approximately $866,766.50. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

5 Day Chart for NASDAQ:SYNA

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