Ameritas Investment Partners Inc. decreased its stake in Synaptics Incorporated (NASDAQ:SYNA) by 52.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,232 shares of the software maker’s stock after selling 14,500 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Synaptics were worth $550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Synaptics by 100.4% in the third quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock valued at $356,000 after purchasing an additional 4,547 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in shares of Synaptics by 305.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 48,321 shares of the software maker’s stock valued at $1,893,000 after purchasing an additional 36,400 shares during the period. Engineers Gate Manager LP grew its position in shares of Synaptics by 186.4% in the third quarter. Engineers Gate Manager LP now owns 88,192 shares of the software maker’s stock valued at $3,455,000 after purchasing an additional 57,402 shares during the period. Stifel Financial Corp grew its position in shares of Synaptics by 35.8% in the third quarter. Stifel Financial Corp now owns 44,666 shares of the software maker’s stock valued at $1,762,000 after purchasing an additional 11,776 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Synaptics by 11.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,214,796 shares of the software maker’s stock valued at $47,596,000 after purchasing an additional 125,826 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.

Synaptics Incorporated (NASDAQ SYNA) opened at $41.41 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.35. Synaptics Incorporated has a 52 week low of $33.73 and a 52 week high of $64.54. The company has a market cap of $1,297.96, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.46. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $398.68 million. During the same period in the previous year, the firm earned $1.03 earnings per share. Synaptics’s quarterly revenue was up 8.1% compared to the same quarter last year. equities analysts predict that Synaptics Incorporated will post 2.8 EPS for the current fiscal year.

In other Synaptics news, CFO Wajid Ali sold 2,918 shares of Synaptics stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total transaction of $121,826.50. Following the transaction, the chief financial officer now directly owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rick Bergman sold 2,000 shares of Synaptics stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the insider now directly owns 130,307 shares in the company, valued at $5,212,280. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

SYNA has been the topic of several research analyst reports. KeyCorp reiterated a “hold” rating on shares of Synaptics in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Oppenheimer reissued a “sell” rating and issued a $35.00 price target on shares of Synaptics in a research note on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating on shares of Synaptics in a research note on Thursday, September 14th. Finally, Rosenblatt Securities downgraded shares of Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Friday, November 3rd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Synaptics currently has an average rating of “Hold” and an average target price of $48.03.

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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.

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

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