Expect Equity LLC purchased a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,538 shares of the software maker's stock, valued at approximately $881,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in shares of Synaptics by 341.9% during the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock valued at $14,455,000 after buying an additional 146,540 shares during the last quarter. Bridgefront Capital LLC bought a new stake in Synaptics during the 4th quarter valued at $485,000. Balyasny Asset Management L.P. boosted its position in Synaptics by 67.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 124,931 shares of the software maker's stock worth $9,535,000 after acquiring an additional 50,112 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Synaptics by 169.2% in the fourth quarter. BNP Paribas Financial Markets now owns 214,722 shares of the software maker's stock worth $16,388,000 after purchasing an additional 134,945 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Synaptics by 1.0% during the fourth quarter. Ameriprise Financial Inc. now owns 4,979,894 shares of the software maker's stock valued at $380,059,000 after purchasing an additional 51,498 shares during the period. Institutional investors and hedge funds own 99.43% of the company's stock.
Insider Transactions at Synaptics
In other Synaptics news, insider Ken Rizvi acquired 3,600 shares of the firm's stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the transaction, the insider now owns 27,630 shares of the company's stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.
Synaptics Stock Performance
Shares of NASDAQ SYNA opened at $59.79 on Friday. The stock's fifty day simple moving average is $57.34 and its 200 day simple moving average is $69.92. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 14.13 and a beta of 1.67. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00.
Analyst Ratings Changes
A number of equities analysts recently issued reports on SYNA shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Susquehanna increased their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Mizuho dropped their target price on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.00.
Check Out Our Latest Stock Analysis on SYNA
About Synaptics
(
Free Report)
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.
Further Reading
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