Kennedy Capital Management LLC Makes New Investment in Synaptics Incorporated (NASDAQ:SYNA)

Kennedy Capital Management LLC acquired a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,525 shares of the software maker's stock, valued at approximately $651,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Synaptics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after acquiring an additional 93,155 shares during the period. FMR LLC lifted its stake in Synaptics by 0.9% during the fourth quarter. FMR LLC now owns 1,891,227 shares of the software maker's stock worth $144,338,000 after purchasing an additional 16,337 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Synaptics by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 978,494 shares of the software maker's stock worth $74,695,000 after buying an additional 9,799 shares during the period. Norges Bank acquired a new stake in shares of Synaptics in the fourth quarter valued at $43,481,000. Finally, Wellington Management Group LLP raised its holdings in shares of Synaptics by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock valued at $42,483,000 after buying an additional 95,432 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Synaptics Stock Up 2.1 %

Shares of NASDAQ:SYNA traded up $1.00 on Friday, hitting $49.07. 357,450 shares of the company's stock were exchanged, compared to its average volume of 465,574. Synaptics Incorporated has a 1-year low of $41.80 and a 1-year high of $98.00. The company has a market capitalization of $1.92 billion, a PE ratio of 11.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The firm's 50-day moving average is $61.40 and its 200 day moving average is $71.59.

Insider Buying and Selling

In related news, insider Ken Rizvi purchased 3,600 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares of the company's stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

About Synaptics

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.