Migdal Insurance & Financial Holdings Ltd. Sells 303 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Migdal Insurance & Financial Holdings Ltd. lowered its stake in Synaptics Incorporated (NASDAQ:SYNA) by 28.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 767 shares of the software maker’s stock after selling 303 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Synaptics were worth $90,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Synaptics by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker’s stock valued at $419,691,000 after buying an additional 72,044 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Synaptics by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker’s stock valued at $118,885,000 after buying an additional 39,352 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Synaptics by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker’s stock valued at $369,500,000 after buying an additional 116,276 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Synaptics by 10.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 99,871 shares of the software maker’s stock valued at $8,932,000 after buying an additional 9,141 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Synaptics during the 3rd quarter valued at $2,271,000. Institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SYNA. Mizuho lowered their price target on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Friday, February 9th. Susquehanna lifted their price target on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Needham & Company LLC lifted their price target on Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, KeyCorp lifted their price target on Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.36.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $105.75, for a total transaction of $382,392.00. Following the sale, the insider now directly owns 31,847 shares of the company’s stock, valued at approximately $3,367,820.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Synaptics Price Performance

SYNA stock opened at $81.69 on Friday. Synaptics Incorporated has a 1-year low of $67.73 and a 1-year high of $121.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53. The business has a 50 day simple moving average of $99.88 and a two-hundred day simple moving average of $101.29.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The business had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. During the same period in the prior year, the company posted $1.47 EPS. The firm’s revenue for the quarter was down 32.9% compared to the same quarter last year. As a group, equities analysts anticipate that Synaptics Incorporated will post -0.48 earnings per share for the current fiscal year.

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.