Tiedemann Wealth Management LLC grew its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 17.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,335 shares of the software maker’s stock after acquiring an additional 2,485 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Synaptics were worth $103,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in SYNA. Oregon Public Employees Retirement Fund increased its holdings in shares of Synaptics by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,792 shares of the software maker’s stock worth $661,000 after acquiring an additional 526 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after acquiring an additional 421 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Synaptics by 1.2% in the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock worth $364,000 after acquiring an additional 84 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Synaptics by 20.3% in the second quarter. Russell Investments Group Ltd. now owns 232,991 shares of the software maker’s stock worth $12,048,000 after acquiring an additional 39,364 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Synaptics in the second quarter worth about $216,000. Institutional investors own 97.74% of the company’s stock.
Synaptics Incorporated (NASDAQ:SYNA) opened at $38.84 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,284.35, a PE ratio of 11.54, a P/E/G ratio of 0.90 and a beta of 1.19. Synaptics Incorporated has a fifty-two week low of $33.73 and a fifty-two week high of $64.54.
SYNA has been the subject of several recent analyst reports. Cowen set a $60.00 price target on Synaptics and gave the stock a “buy” rating in a report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating on shares of Synaptics in a report on Thursday, September 14th. Zacks Investment Research upgraded Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Thursday, August 31st. J P Morgan Chase & Co set a $53.00 price objective on Synaptics and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Craig Hallum reiterated a “buy” rating and set a $43.00 price objective (down from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.03.
In other Synaptics news, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now directly owns 130,307 shares in the company, valued at $5,212,280. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
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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.
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