Synaptics Incorporated (NASDAQ:SYNA) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,731 shares of the software maker’s stock after selling 2,526 shares during the quarter. Corebridge Financial Inc. owned 0.16% of Synaptics worth $4,940,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Quarry LP purchased a new stake in Synaptics in the third quarter valued at $31,000. KBC Group NV boosted its stake in shares of Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after buying an additional 837 shares during the last quarter. XTX Topco Ltd acquired a new stake in Synaptics during the third quarter worth about $227,000. Cibc World Markets Corp purchased a new position in Synaptics during the fourth quarter valued at approximately $283,000. Finally, Raymond James Financial Inc. acquired a new position in Synaptics in the fourth quarter valued at approximately $371,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insiders Place Their Bets

In other Synaptics news, insider Ken Rizvi acquired 3,600 shares of the business’s stock in a transaction on Monday, February 10th. The stock was bought at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now owns 27,630 shares in the company, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Synaptics Stock Performance

NASDAQ SYNA opened at $63.06 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The stock’s 50 day simple moving average is $71.25 and its 200-day simple moving average is $74.46. The company has a market cap of $2.47 billion, a PE ratio of 14.91 and a beta of 1.55. Synaptics Incorporated has a 1-year low of $60.75 and a 1-year high of $99.57.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SYNA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Mizuho decreased their price objective on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Rosenblatt Securities restated a “buy” rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna upped their price target on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.00.

About Synaptics

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.