A Reversal for Synaptics Incorporated (NASDAQ:SYNA) Is Near. The Stock Has Decrease in Shorts

September 30, 2018 - By Matthew Richard

Synaptics Incorporated (NASDAQ:SYNA) Logo

Investors sentiment increased to 1.04 in Q2 2018. Its up 0.02, from 1.02 in 2018Q1. It increased, as 35 investors sold Synaptics Incorporated shares while 66 reduced holdings. 35 funds opened positions while 70 raised stakes. 33.86 million shares or 0.16% less from 33.91 million shares in 2018Q1 were reported.
Tower Limited Liability (Trc) has invested 0% in Synaptics Incorporated (NASDAQ:SYNA). Fernwood Mgmt Limited Liability Com reported 0.53% stake. Bancorporation Of Mellon Corp holds 0.01% or 413,062 shares. Cs Mckee Lp reported 26,100 shares or 0.11% of all its holdings. Moreover, Voya Invest Mgmt Limited Liability Corporation has 0% invested in Synaptics Incorporated (NASDAQ:SYNA). D E Shaw Co Inc invested 0.01% in Synaptics Incorporated (NASDAQ:SYNA). Us Commercial Bank De reported 588 shares or 0% of all its holdings. Cim Mangement Inc holds 0.07% or 4,183 shares in its portfolio. 7,572 are owned by First Tru Advsrs L P. Arrowgrass Partners (Us) Lp reported 167,656 shares stake. 38,500 were accumulated by Catalyst Cap Limited Liability Corp. Panagora Asset holds 0.03% in Synaptics Incorporated (NASDAQ:SYNA) or 159,962 shares. Ghp Invest Advsrs Inc owns 0.27% invested in Synaptics Incorporated (NASDAQ:SYNA) for 38,385 shares. Commonwealth Of Pennsylvania School Empls Retrmt Sys reported 9,343 shares stake. The Pennsylvania-based Snow Cap Mgmt Lp has invested 0.2% in Synaptics Incorporated (NASDAQ:SYNA).

Since April 2, 2018, it had 0 buys, and 8 sales for $22.25 million activity. KNITTEL RUSSELL J also sold $651,720 worth of Synaptics Incorporated (NASDAQ:SYNA) shares. McFarland John also sold $156,915 worth of Synaptics Incorporated (NASDAQ:SYNA) on Wednesday, June 20. CHAN NELSON C also sold $135,510 worth of Synaptics Incorporated (NASDAQ:SYNA) shares. $933,625 worth of stock was sold by Bergman Rick on Wednesday, June 20.

The stock of Synaptics Incorporated (NASDAQ:SYNA) registered a decrease of 8.4% in short interest. SYNA’s total short interest was 6.17 million shares in September as published by FINRA. Its down 8.4% from 6.74 million shares, reported previously. With 527,200 shares average volume, it will take short sellers 12 days to cover their SYNA’s short positions.

The stock decreased 1.43% or $0.66 during the last trading session, reaching $45.62. About 456,476 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has risen 11.45% since September 30, 2017 and is uptrending. It has underperformed by 4.17% the S&P500.

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company has market cap of $1.59 billion. The firm offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer product applications, such as keyboards, mice, and desktop product applications. It currently has negative earnings. The Company’s products include ClearPad, which enables users to interact directly with the display on smartphones and tablets; ClearView products that provide advanced image processing and low power technology for entry-level smartphones; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in smartphones, tablets, notebook PCs, PC peripherals, and other applications.

Synaptics Incorporated (NASDAQ:SYNA) Ratings Coverage

Among 6 analysts covering Synaptics (NASDAQ:SYNA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Synaptics had 10 analyst reports since April 11, 2018 according to SRatingsIntel. The company was maintained on Thursday, May 10 by Mizuho. Mizuho maintained Synaptics Incorporated (NASDAQ:SYNA) on Wednesday, June 20 with “Buy” rating. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Market Perform” rating by BMO Capital Markets on Friday, August 10. The rating was maintained by JP Morgan with “Overweight” on Friday, August 10. The firm has “Buy” rating given on Wednesday, April 11 by Mizuho. The firm has “Buy” rating given on Tuesday, May 8 by Cowen & Co. Craig Hallum maintained the stock with “Buy” rating in Monday, June 11 report. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Hold” rating by Craig Hallum on Thursday, June 21. The firm has “Buy” rating by Craig Hallum given on Wednesday, August 1. On Wednesday, June 20 the stock rating was maintained by Stifel Nicolaus with “Buy”.

More recent Synaptics Incorporated (NASDAQ:SYNA) news were published by: Digitaljournal.com which released: “NASDAQ:SYNA Shareholder Notice: Investigation of Synaptics, Incorporated over Possible Violations of Securities Laws” on September 28, 2018. Also Globenewswire.com published the news titled: “Synaptics Disrupts Automotive Industry with Innovative TDDI Solutions” on September 25, 2018. Nasdaq.com‘s news article titled: “Synaptics and Key Ecosystem Partners Launch Android TV Turnkey STB Solutions Enabling Fast Time-to-Market for …” with publication date: September 12, 2018 was also an interesting one.

Synaptics Incorporated (NASDAQ:SYNA) Institutional Positions Chart

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