Susquehanna Fundamental Investments LLC Makes New Investment in Synaptics Incorporated (NASDAQ:SYNA)

Susquehanna Fundamental Investments LLC bought a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,583 shares of the software maker's stock, valued at approximately $4,242,000. Susquehanna Fundamental Investments LLC owned 0.14% of Synaptics at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SYNA. Barclays PLC raised 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 purchasing an additional 53,252 shares in the last quarter. Profit Investment Management LLC boosted its position in Synaptics by 8.9% during the 4th quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker's stock worth $1,886,000 after acquiring an additional 2,029 shares during the period. KBC Group NV boosted its position in Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after purchasing an additional 837 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Synaptics by 1.2% during the 4th quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker's stock worth $4,671,000 after purchasing an additional 727 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after acquiring an additional 200 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Stock Performance

Shares of SYNA stock traded up $2.46 during midday trading on Friday, hitting $58.62. 285,345 shares of the company were exchanged, compared to its average volume of 466,374. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $98.00. The firm has a market capitalization of $2.30 billion, a P/E ratio of 13.86 and a beta of 1.60. The firm's 50 day moving average price is $58.11 and its two-hundred day moving average price is $70.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Insider Buying and Selling

In other news, insider Ken Rizvi purchased 3,600 shares of the business's stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the completion of the purchase, the insider now owns 27,630 shares of the company's stock, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on SYNA. Rosenblatt Securities reiterated a "buy" rating and set a $105.00 price target on shares of Synaptics in a report on Thursday, February 27th. Mizuho lowered 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. Susquehanna raised their target price on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.00.

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.