Blackrock Inc. is the third biggest owner of Synaptics Incorporated (SYNA)

Synaptics Incorporated (NASDAQ:SYNA) enjoyed a 27.33% run-up in share price since hitting record low of $33.73. The stock managed 18.58% rise and now stands at $42.95 as of 11/08/2017. At recent session, the prices were hovering between $40 and $44.68. This company shares are 22.86% off its target price of $52.77 and the current market capitalization stands at $1.5B. The recent change has given its price a 12.24% lead over SMA 50 and -33.45% deficit over its 52-week high. The stock witnessed 16.18% gains, 6.66% gains and -25.07% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SYNA’s volatility during a week at 6.45% and during a month it has been found around 4%.

Synaptics Incorporated (SYNA) Top Holders

Institutional investors currently hold around $1.25 billion or 0% in SYNA stock. Look at its top three institutional owners. Ameriprise Financial Inc owns $182.99 million in Synaptics Incorporated, which represents roughly 12.2% of the company’s market cap and approximately 14.6% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,228,015 shares of the stock are valued at $153.14 million. The third largest holder is Blackrock Inc., which currently holds $146.19 million worth of this stock and that ownership represents nearly 9.75% of its market capitalization.

Synaptics Incorporated 13F Filings

At the end of 09/30/2017 reporting period, 118 institutional holders increased their position in Synaptics Incorporated (NASDAQ:SYNA) by some 3,448,777 shares, 143 decreased positions by 5,383,419 and 33 held positions by 25,765,752. That puts total institutional holdings at 34,597,948 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 533,388 shares while 43 institutional investors sold out their entire positions totaling 1,430,480 shares.

Synaptics Incorporated (NASDAQ:SYNA) Insider Trades

Multiple company employees have indulged in significant insider trading. Synaptics Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Buchanan Jeffrey D has sold 5,672 shares of Synaptics Incorporated (SYNA) in trading session dated Jun. 07, 2017. These shares are worth $340,320 and were traded at $60 each. The SEC filing shows that Lee Francis F performed a sale of 56,000 shares. The Director disposed these shares by way of transaction on Jun. 07, 2017. The company’s shares were given away at $60 per share worth to an income of some $3,360,000 on account of Lee Francis F.

Director, Buchanan Jeffrey D, sold 9,375 common shares of Synaptics Incorporated (SYNA) in the open market. In a transaction dated Jun. 01, 2017, the shares were put up for sale at an average price of $55.92, raking in a sum of $524,250. After this sale, 6,791 common shares of SYNA are directly owned by the insider, with total stake valued at $291,673.

In the transaction dated May. 31, 2017, the great number of shares disposed came courtesy the President and CEO; Bergman Rick disposed a total of 10,000 shares at an average price of $55.61, amounting to approximately $556,100. The insider now directly owns 95,728 shares worth $4,111,518.

Synaptics Incorporated (SYNA) Analyst Guide

Several analysts have released their opinion on Synaptics Incorporated (NASDAQ:SYNA), with 6 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.08 average brokerage recommendation.

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