Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,008,390 shares of the software maker's stock after buying an additional 74,433 shares during the quarter. Dimensional Fund Advisors LP owned about 2.52% of Synaptics worth $76,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker's stock worth $6,309,000 after acquiring an additional 53,252 shares during the last quarter. Vanguard Group Inc. raised its position in Synaptics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock worth $374,569,000 after purchasing an additional 93,155 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Synaptics by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker's stock worth $35,991,000 after purchasing an additional 23,702 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Synaptics by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker's stock valued at $7,025,000 after buying an additional 333 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Synaptics by 19.3% during the fourth quarter. Bank of Montreal Can now owns 5,161 shares of the software maker's stock valued at $394,000 after buying an additional 834 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Ken Rizvi acquired 3,600 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

SYNA has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Mizuho cut their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Susquehanna boosted their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.00.

Synaptics Stock Down 1.8 %

NASDAQ SYNA traded down $1.05 during trading on Tuesday, reaching $57.02. 31,222 shares of the company's stock traded hands, compared to its average volume of 466,578. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 13.49 and a beta of 1.67. The company's 50 day simple moving average is $57.71 and its two-hundred day simple moving average is $70.16.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.