Great West Life Assurance Co. Can reduced its stake in shares of Synaptics Inc. (NASDAQ:SYNA) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,457 shares of the company’s stock after selling 529 shares during the period. Great West Life Assurance Co. Can owned 0.08% of Synaptics worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SYNA. Vanguard Group Inc. raised its stake in Synaptics by 8.2% in the second quarter. Vanguard Group Inc. now owns 3,468,543 shares of the company’s stock valued at $186,435,000 after buying an additional 263,781 shares during the period. BlackRock Fund Advisors raised its stake in Synaptics by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,941,137 shares of the company’s stock valued at $104,336,000 after buying an additional 55,284 shares during the period. State Street Corp raised its stake in Synaptics by 2.1% in the second quarter. State Street Corp now owns 1,295,662 shares of the company’s stock valued at $69,640,000 after buying an additional 26,961 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Synaptics by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,070,840 shares of the company’s stock valued at $57,558,000 after buying an additional 16,830 shares during the period. Finally, State of Tennessee Treasury Department raised its stake in Synaptics by 32.9% in the second quarter. State of Tennessee Treasury Department now owns 737,386 shares of the company’s stock valued at $39,635,000 after buying an additional 182,386 shares during the period. 92.58% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

Shares of Synaptics Inc. (NASDAQ:SYNA) traded up 2.65% during midday trading on Wednesday, reaching $54.58. The company’s stock had a trading volume of 549,226 shares. Synaptics Inc. has a 52-week low of $47.09 and a 52-week high of $91.68. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 38.90 and a beta of 1.39. The stock has a 50-day moving average price of $59.11 and a 200-day moving average price of $57.87.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, October 27th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.03. The company had revenue of $386.20 million for the quarter, compared to analysts’ expectations of $372.65 million. Synaptics had a net margin of 3.29% and a return on equity of 15.27%. The company’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. Equities research analysts anticipate that Synaptics Inc. will post $4.89 earnings per share for the current fiscal year.

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Several research firms have commented on SYNA. Pacific Crest reiterated a “hold” rating on shares of Synaptics in a research report on Sunday, September 11th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Synaptics in a research report on Friday, October 7th. Zacks Investment Research downgraded Synaptics from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 3rd. Mizuho upgraded Synaptics from a “neutral” rating to a “buy” rating and increased their target price for the company from $58.00 to $74.00 in a research report on Thursday, October 13th. Finally, Craig Hallum downgraded Synaptics from a “buy” rating to a “hold” rating and dropped their target price for the company from $70.00 to $65.00 in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Hold” and a consensus price target of $73.08.

In other Synaptics news, insider Kevin D. Barber sold 13,594 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $52.21, for a total transaction of $709,742.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rick Bergman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $58.29, for a total value of $582,900.00. Following the transaction, the insider now directly owns 82,491 shares of the company’s stock, valued at approximately $4,808,400.39. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Synaptics Company Profile

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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