Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 232.8% in the third quarter, HoldingsChannel reports. The fund owned 8,406 shares of the software maker’s stock after buying an additional 5,880 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Synaptics were worth $652,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SYNA. Point72 Asset Management L.P. lifted its holdings in Synaptics by 15,571.4% in the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock worth $71,875,000 after purchasing an additional 809,712 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Synaptics by 18.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock worth $111,053,000 after acquiring an additional 193,182 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Synaptics by 39.1% in the 2nd quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker’s stock worth $48,153,000 after acquiring an additional 153,434 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Synaptics by 88.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock valued at $14,200,000 after acquiring an additional 75,680 shares in the last quarter. Finally, Emerald Advisers LLC increased its stake in shares of Synaptics by 56.0% during the second quarter. Emerald Advisers LLC now owns 202,283 shares of the software maker’s stock valued at $17,841,000 after acquiring an additional 72,611 shares during the period. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

Synaptics stock opened at $78.36 on Friday. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The firm’s 50 day simple moving average is $74.35 and its 200-day simple moving average is $81.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The company has a market cap of $3.14 billion, a P/E ratio of 19.84 and a beta of 1.47.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. TD Cowen raised their target price on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Susquehanna lowered their target price on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Monday, October 21st. 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 report on Friday, November 8th. Finally, Craig Hallum lowered their price objective on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and an average price target of $97.33.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the transaction, the insider now owns 43,245 shares of the company’s stock, valued at $3,459,600. The trade was a 5.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Synaptics Company 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.