UBS Asset Management Americas Inc. decreased its position in Synaptics, Incorporated (NASDAQ:SYNA) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,099 shares of the software maker’s stock after selling 6,537 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Synaptics were worth $440,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SYNA. TRUE Private Wealth Advisors bought a new stake in shares of Synaptics in the 2nd quarter valued at approximately $56,000. US Bancorp DE grew its stake in shares of Synaptics by 80.1% in the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock valued at $62,000 after buying an additional 959 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Synaptics by 188.6% in the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock valued at $102,000 after buying an additional 2,284 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Synaptics in the 2nd quarter valued at approximately $113,000. Finally, Neuburgh Advisers LLC grew its stake in shares of Synaptics by 34.4% in the 2nd quarter. Neuburgh Advisers LLC now owns 4,496 shares of the software maker’s stock valued at $131,000 after buying an additional 1,152 shares in the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.

In other news, SVP John Mcfarland sold 2,926 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.00, for a total transaction of $119,966.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nelson C. Chan sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.25, for a total value of $199,500.00. Following the transaction, the director now owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The disclosure for this sale can be found here. Insiders have sold 11,326 shares of company stock valued at $415,474 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Several brokerages recently commented on SYNA. Rosenblatt Securities reissued a “hold” rating and issued a $42.00 price target on shares of Synaptics in a research note on Thursday, August 8th. Craig Hallum cut Synaptics from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $28.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. cut Synaptics from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $35.00 to $25.00 in a research note on Friday, August 9th. BidaskClub raised Synaptics from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Synaptics in a research report on Sunday, August 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Synaptics has an average rating of “Hold” and a consensus price target of $35.33.

Synaptics stock traded up $0.19 during trading hours on Friday, reaching $40.71. 320,790 shares of the company were exchanged, compared to its average volume of 541,446. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 16.28 and a beta of 0.97. The company has a current ratio of 2.88, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $38.09 and a 200 day moving average of $33.81. Synaptics, Incorporated has a 12 month low of $26.34 and a 12 month high of $43.75.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.47. The firm had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $307.27 million. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The company’s revenue was down 24.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, research analysts forecast that Synaptics, Incorporated will post 1.5 EPS for the current year.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

Featured Article: What are the qualifications of a portfolio manager?

Institutional Ownership by Quarter for Synaptics (NASDAQ:SYNA)

Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.