Today’s Shorts Alert: Can Synaptics Incorporated (NASDAQ:SYNA)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Shorts Alert: Can Synaptics Incorporated (NASDAQ:SYNA)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Synaptics Incorporated (NASDAQ:SYNA) registered an increase of 13.14% in short interest. SYNA’s total short interest was 4.23 million shares in November as published by FINRA. Its up 13.14% from 3.74 million shares, reported previously. With 669,600 shares average volume, it will take short sellers 6 days to cover their SYNA’s short positions. The short interest to Synaptics Incorporated’s float is 12.23%. The stock decreased 0.65% or $0.36 during the last trading session, hitting $54.8. Synaptics, Incorporated (NASDAQ:SYNA) has declined 36.42% since April 15, 2016 and is downtrending. It has underperformed by 41.04% the S&P500.

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The company has a market cap of $1.84 billion. The Firm is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices. It has a 39.69 P/E ratio. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.39, from 1.18 in 2016Q1. The ratio turned negative, as 55 funds sold all Synaptics, Incorporated shares owned while 101 reduced positions. 39 funds bought stakes while 84 increased positions. They now own 30.84 million shares or 8.93% less from 33.86 million shares in 2016Q1.
Ameriprise Fincl last reported 0.1% of its portfolio in the stock. Fiera Capital Corporation holds 0.04% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 133,950 shares. M&R Capital has 300 shares for 0% of their US portfolio. Eulav Asset Mngmt has 43,800 shares for 0.13% of their US portfolio. Sit Associates has 26,950 shares for 0.04% of their US portfolio. Amer Century Companies accumulated 133,456 shares or 0.01% of the stock. California State Teachers Retirement System has invested 0.01% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA). Moreover, Legal And General Grp Public Ltd Company has 0% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 9,493 shares. Moreover, Alliancebernstein Limited Partnership has 0.02% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 496,320 shares. Blackrock Fund Advisors holds 0.02% or 1.94 million shares in its portfolio. Ellington Mngmt Grp Incorporated Ltd Liability Co, a Connecticut-based fund reported 3,800 shares. Moreover, Frontier Cap Mngmt Co Ltd Liability Corp has 0.1% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 224,568 shares. Lord Abbett & Co Lc owns 1.03M shares or 0.17% of their US portfolio. New York State Common Retirement Fund holds 37,100 shares or 0% of its portfolio. The Massachusetts-based State Street Corp has invested 0.01% in Synaptics, Incorporated (NASDAQ:SYNA).

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 10 insider sales for $3.33 million net activity. On Wednesday, October 5 the insider McFarland John sold $115,870. Bergman Rick sold 10,000 shares worth $671,090. 859 shares were sold by Ali Wajid, worth $48,411 on Friday, November 11. $557,700 worth of Synaptics, Incorporated (NASDAQ:SYNA) shares were sold by Barber Kevin D. Shares for $55,540 were sold by Deutsch Scott on Monday, November 14.

Synaptics, Incorporated (NASDAQ:SYNA) Ratings Coverage

Out of 13 analysts covering Synaptics Inc (NASDAQ:SYNA), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. Synaptics Inc has been the topic of 33 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Dougherty & Company downgraded Synaptics, Incorporated (NASDAQ:SYNA) on Friday, October 23 to “Neutral” rating. The firm has “Buy” rating given on Friday, January 29 by Needham. Lake Street maintained it with “Buy” rating and $81.0 target price in Tuesday, January 12 report. The stock of Synaptics, Incorporated (NASDAQ:SYNA) has “Outperform” rating given on Friday, October 23 by Northland Capital. Mizuho maintained it with “Buy” rating and $100 target price in Friday, October 23 report. Craig Hallum maintained Synaptics, Incorporated (NASDAQ:SYNA) rating on Friday, April 29. Craig Hallum has “Buy” rating and $85 price target. The firm has “Perform” rating by Oppenheimer given on Wednesday, January 20. The firm earned “Buy” rating on Friday, January 29 by Stifel Nicolaus. The rating was maintained by Mizuho on Friday, July 31 with “Buy”. The firm earned “Buy” rating on Thursday, October 13 by Mizuho.

SYNA Company Profile

Synaptics Incorporated, incorporated on January 7, 2002, is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Firm is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad. The Company’s other product solutions include dual pointing solutions, TouchStyk, and TouchButtons. The Company’s dual pointing solutions offer TouchPad with a pointing stick in a single notebook computer, enabling users to select their interface of choice. TouchStyk is a self-contained pointing stick module that uses capacitive technology similar to that used in its TouchPad. TouchButtons provide capacitive buttons and scrolling controls for an interface solution designed to replace mechanical buttons.

More important recent Synaptics, Incorporated (NASDAQ:SYNA) news were published by: Fool.com which released: “How Synaptics Incorporated Fell 10.3% in April” on May 11, 2016, also Fool.com published article titled: “Synaptics Incorporated Stock: A Value Investor’s Dream?”, Fool.com published: “Why Synaptics, Incorporated Stock Plunged Today” on June 17, 2016. More interesting news about Synaptics, Incorporated (NASDAQ:SYNA) was released by: Profitconfidential.com and their article: “SYNA Stock: This Synaptics, Incorporated Trade Has 127%+ Upside Potential” with publication date: September 02, 2016.

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By Ruchi Gupta


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