Emerald Mutual Fund Advisers Trust Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Emerald Mutual Fund Advisers Trust reduced its stake in Synaptics Incorporated (NASDAQ:SYNA) by 4.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 153,343 shares of the software maker’s stock after selling 7,650 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Synaptics were worth $11,896,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after acquiring an additional 267 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Synaptics in the 2nd quarter worth approximately $67,000. Innealta Capital LLC purchased a new position in Synaptics in the second quarter valued at approximately $83,000. CWM LLC grew its holdings in 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 purchasing an additional 423 shares during the period. Finally, nVerses Capital LLC bought a new position in Synaptics during the second quarter valued at $141,000. Institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SYNA shares. Craig Hallum cut their price target on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. TD Cowen lowered their price target on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Synaptics in a report on Thursday. Finally, Needham & Company LLC lowered their target price on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Synaptics Stock Up 2.3 %

SYNA opened at $70.22 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78. Synaptics Incorporated has a one year low of $67.83 and a one year high of $121.37. The firm has a market capitalization of $2.80 billion, a P/E ratio of 22.65 and a beta of 1.47. The company has a fifty day moving average price of $74.49 and a 200-day moving average price of $82.75.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. Equities research analysts expect that Synaptics Incorporated will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 1,870 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $80.00, for a total value of $149,600.00. Following the transaction, the insider now owns 46,797 shares of the company’s stock, valued at $3,743,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 5,609 shares of company stock worth $448,720 over the last three months. 1.30% of the stock is owned by insiders.

Synaptics 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.