Aigen Investment Management LP Invests $218,000 in Synaptics Incorporated (NASDAQ:SYNA)

Aigen Investment Management LP acquired a new position in Synaptics Incorporated (NASDAQ:SYNA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,811 shares of the software maker’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SYNA. Heron Bay Capital Management increased its holdings in shares of Synaptics by 1.3% in the 1st quarter. Heron Bay Capital Management now owns 9,197 shares of the software maker’s stock worth $897,000 after buying an additional 116 shares during the last quarter. US Bancorp DE increased its stake in Synaptics by 3.5% in the first quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock valued at $352,000 after acquiring an additional 123 shares during the last quarter. Russell Investments Group Ltd. raised its position in Synaptics by 0.3% during the first quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock valued at $4,748,000 after purchasing an additional 163 shares in the last quarter. Choreo LLC lifted its stake in Synaptics by 3.9% during the second quarter. Choreo LLC now owns 4,845 shares of the software maker’s stock worth $417,000 after purchasing an additional 180 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Synaptics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 11,002 shares of the software maker’s stock worth $970,000 after purchasing an additional 229 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Down 0.8 %

NASDAQ SYNA opened at $74.64 on Friday. The business’s 50-day moving average is $73.89 and its 200 day moving average is $82.01. The stock has a market capitalization of $2.99 billion, a PE ratio of 18.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $121.37.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Needham & Company LLC decreased their price objective on Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna lowered their price objective on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 21st. TD Cowen increased their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. Craig Hallum lowered their price target on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, Rosenblatt Securities cut their price target on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.33.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 1,008 shares of Synaptics stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the sale, the insider now owns 45,789 shares of the company’s stock, valued at approximately $3,663,120. The trade was a 2.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 5,609 shares of company stock worth $448,720. 1.30% of the stock is currently 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.