Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by PDT Partners LLC

PDT Partners LLC grew its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 254.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,050 shares of the software maker's stock after purchasing an additional 19,421 shares during the period. PDT Partners LLC owned approximately 0.07% of Synaptics worth $2,064,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SYNA shares. 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. 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. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho dropped their price objective on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two equities 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. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of "Moderate Buy" and an average target price of $95.00.

Synaptics Stock Up 4.4 %

Synaptics stock traded up $2.46 during midday trading on Friday, hitting $58.62. 285,345 shares of the stock were exchanged, compared to its average volume of 467,586. 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 company has a 50 day moving average price of $57.91 and a two-hundred day moving average price of $70.29. The firm has a market cap of $2.30 billion, a P/E ratio of 13.86 and a beta of 1.67. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00.

Insider Transactions at Synaptics

In related news, insider Ken Rizvi bought 3,600 shares of the company's stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now owns 27,630 shares of the company's stock, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.

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.