Sterneck Capital Management Lifted Its Synaptics (SYNA) Stake; General Electric Company (GE) Share Price Declined While Busey Trust Company Has Trimmed Its Stake by $1.22 Million

April 17, 2018 - By Kurt Siggers

Synaptics Incorporated (NASDAQ:SYNA) Logo

Busey Trust Company decreased its stake in General Electric Company (GE) by 18.6% based on its latest 2017Q4 regulatory filing with the SEC. Busey Trust Company sold 71,557 shares as the company’s stock declined 23.20% with the market. The institutional investor held 313,240 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $5.47 million, down from 384,797 at the end of the previous reported quarter. Busey Trust Company who had been investing in General Electric Company for a number of months, seems to be less bullish one the $119.72 billion market cap company. The stock increased 3.43% or $0.46 during the last trading session, reaching $13.79. About 49.90 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Sterneck Capital Management Llc increased its stake in Synaptics Inc (SYNA) by 70.53% based on its latest 2017Q4 regulatory filing with the SEC. Sterneck Capital Management Llc bought 14,980 shares as the company’s stock rose 12.77% while stock markets declined. The institutional investor held 36,220 shares of the edp services company at the end of 2017Q4, valued at $1.45 million, up from 21,240 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in Synaptics Inc for a number of months, seems to be bullish on the $1.65 billion market cap company. The stock increased 1.64% or $0.77 during the last trading session, reaching $47.82. About 150,616 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has declined 8.10% since April 17, 2017 and is downtrending. It has underperformed by 19.65% the S&P500.

Since January 26, 2018, it had 1 buy, and 0 sales for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 earnings per share, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $954.97M for 31.34 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. The Washington-based Strategies has invested 0.01% in General Electric Company (NYSE:GE). 52,078 are owned by Bremer Trust National Association. King Wealth Management Ltd invested in 0.23% or 36,591 shares. Michigan-based Insight 2811 has invested 0.57% in General Electric Company (NYSE:GE). The Massachusetts-based Seaward Mngmt Ltd Partnership has invested 0.65% in General Electric Company (NYSE:GE). Keating Invest Counselors holds 1.71% in General Electric Company (NYSE:GE) or 230,099 shares. State Farm Mutual Automobile Insur holds 0.9% or 41.15 million shares in its portfolio. Sandy Spring Retail Bank owns 116,463 shares or 0.19% of their US portfolio. Moreover, Aureus Asset Management Ltd Liability has 0.09% invested in General Electric Company (NYSE:GE) for 33,968 shares. Moreover, New Mexico Educational Retirement Board has 0.55% invested in General Electric Company (NYSE:GE). White Pine Cap Ltd Company holds 0.53% of its portfolio in General Electric Company (NYSE:GE) for 83,801 shares. Abner Herrman Brock Lc owns 21,149 shares for 0.06% of their portfolio. Harris Assocs LP owns 2.16% invested in General Electric Company (NYSE:GE) for 75.63M shares. Lourd Cap Limited Liability owns 0.08% invested in General Electric Company (NYSE:GE) for 70,503 shares. Rosenblum Silverman Sutton S F Inc Ca owns 106,660 shares or 0.67% of their US portfolio.

Busey Trust Company, which manages about $783.20M US Long portfolio, upped its stake in Caterpillar Inc (NYSE:CAT) by 29,415 shares to 60,347 shares, valued at $9.51 million in 2017Q4, according to the filing. It also increased its holding in Home Depot (NYSE:HD) by 3,145 shares in the quarter, for a total of 13,247 shares, and has risen its stake in At&T Inc (NYSE:T).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 23 by UBS. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 19 report. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, December 10. Deutsche Bank maintained General Electric Company (NYSE:GE) on Tuesday, November 21 with “Sell” rating. The firm has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The firm has “Hold” rating by Tigress Financial given on Thursday, January 4. Argus Research maintained it with “Buy” rating and $36.0 target in Wednesday, December 23 report. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, July 25 report. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Thursday, March 29.

Since January 12, 2018, it had 0 buys, and 6 selling transactions for $1.28 million activity. Another trade for 100 shares valued at $5,000 was made by LEE FRANCIS F on Tuesday, January 16. On Tuesday, February 20 the insider Bergman Rick sold $91,160. On Wednesday, February 14 the insider McFarland John sold $28,845. CHAN NELSON C sold 3,000 shares worth $135,510.

Sterneck Capital Management Llc, which manages about $314.88 million and $167.09M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 2,846 shares to 63,714 shares, valued at $10.78 million in 2017Q4, according to the filing. It also reduced its holding in Dht Holdings Inc (NYSE:DHT) by 108,460 shares in the quarter, leaving it with 87,390 shares, and cut its stake in Nuveen Amt Free Mun Cr Inc F (NVG).

Among 16 analysts covering Synaptics Inc (NASDAQ:SYNA), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Synaptics Inc had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, September 12. The company was downgraded on Monday, December 12 by Oppenheimer. As per Friday, August 4, the company rating was maintained by Needham. Needham downgraded the shares of SYNA in report on Friday, January 29 to “Buy” rating. The firm earned “Hold” rating on Friday, December 8 by Oppenheimer. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Buy” rating by Stifel Nicolaus on Friday, October 23. As per Thursday, November 16, the company rating was maintained by KeyBanc Capital Markets. BMO Capital Markets maintained Synaptics Incorporated (NASDAQ:SYNA) on Friday, August 4 with “Hold” rating. The stock has “Buy” rating by Craig Hallum on Thursday, February 8. The stock of Synaptics Incorporated (NASDAQ:SYNA) has “Sell” rating given on Monday, August 21 by Oppenheimer.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.19, from 1.06 in 2017Q3. It dived, as 40 investors sold SYNA shares while 76 reduced holdings. 36 funds opened positions while 65 raised stakes. 33.33 million shares or 4.46% less from 34.89 million shares in 2017Q3 were reported. 8,600 are held by Louisiana State Employees Retirement Systems. 300 were accumulated by North Star Mngmt. Ubs Asset Mngmt Americas stated it has 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Advantus Inc invested 0% in Synaptics Incorporated (NASDAQ:SYNA). Royal Bankshares Of Canada holds 0.01% in Synaptics Incorporated (NASDAQ:SYNA) or 358,175 shares. Bancorporation Of Montreal Can accumulated 0% or 67,633 shares. Clearbridge Investments Ltd holds 0% in Synaptics Incorporated (NASDAQ:SYNA) or 573 shares. Profund Advsr Ltd Limited Liability Company holds 12,253 shares. Whittier Trust Com Of Nevada owns 192 shares or 0% of their US portfolio. Balyasny Asset Management Limited Com holds 64,419 shares. At Comml Bank has 0.05% invested in Synaptics Incorporated (NASDAQ:SYNA) for 10,642 shares. Engineers Gate Manager Ltd Partnership stated it has 0.1% in Synaptics Incorporated (NASDAQ:SYNA). Northwestern Mutual Wealth Mgmt owns 3,011 shares for 0% of their portfolio. Dimensional Fund Advisors LP holds 1.60 million shares or 0.03% of its portfolio. Goldman Sachs Grp Inc Inc reported 179,704 shares.

Synaptics Incorporated (NASDAQ:SYNA) Institutional Positions Chart

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