Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Synaptics, Incorporated (SYNA) A Good Stock To Buy?

Page 1 of 2

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can’t match. So should one consider investing in Synaptics, Incorporated (NASDAQ:SYNA)? The smart money sentiment can provide an answer to this question.

Is Synaptics, Incorporated (NASDAQ:SYNA) an excellent investment today? Prominent investors are turning less bullish. The number of bullish hedge fund positions were cut by 4 in recent months. SYNA was in 18 hedge funds’ portfolios at the end of September. There were 22 hedge funds in our database with SYNA holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as EnLink Midstream LLC (NYSE:ENLC), ITT Corp (NYSE:ITT), and Methanex Corporation (USA) (NASDAQ:MEOH) to gather more data points.

Follow Synaptics Inc (NASDAQ:SYNA)
Trade (NASDAQ:SYNA) Now!

Keeping this in mind, we’re going to view the latest action encompassing Synaptics, Incorporated (NASDAQ:SYNA).

Hedge fund activity in Synaptics, Incorporated (NASDAQ:SYNA)

At the end of the third quarter, a total of 18 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -18% from the second quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Crosslink Capital, managed by Seymour Sy Kaufman and Michael Stark, holds the number one position in Synaptics, Incorporated (NASDAQ:SYNA). Crosslink Capital has a $36 million position in the stock, comprising 5% of its 13F portfolio. The second largest stake is held by Millennium Management, led by Israel Englander, holding a $16.9 million position; less than 0.1% of its 13F portfolio is allocated to the company. Remaining peers with similar optimism include Brian Ashford-Russell and Tim Woolley’s Polar Capital, and Jim Simons’ Renaissance Technologies.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!