Synaptics Incorporated (NASDAQ:SYNA) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,769 shares of the software maker's stock after acquiring an additional 5,472 shares during the quarter. Wells Fargo & Company MN owned 0.10% of Synaptics worth $3,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC increased its position in shares of Synaptics by 189.7% in the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock valued at $6,309,000 after buying an additional 53,252 shares in the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 93,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 buying an additional 23,702 shares in the last quarter. Principal Financial Group Inc. increased its position 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 valued at $7,025,000 after buying an additional 333 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Synaptics in the fourth quarter valued at $603,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SYNA shares. Susquehanna raised their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. Mizuho dropped their price objective on Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Rosenblatt Securities reiterated a "buy" rating and set a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. Finally, Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, six have assigned 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 price target of $95.00.

Insider Buying and Selling at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now directly 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by company insiders.

Synaptics Trading Down 2.2 %

SYNA traded down $1.24 during midday trading on Tuesday, hitting $55.03. The company's stock had a trading volume of 422,504 shares, compared to its average volume of 467,212. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.16 billion, a P/E ratio of 13.01 and a beta of 1.60. The firm has a 50-day moving average price of $58.70 and a two-hundred day moving average price of $70.63. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00.

Synaptics 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.