Synaptics Incorporated (NASDAQ:SYNA) Shares Acquired by Trigran Investments Inc.

Trigran Investments Inc. boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,072,222 shares of the software maker's stock after buying an additional 59,647 shares during the period. Synaptics accounts for 9.4% of Trigran Investments Inc.'s investment portfolio, making the stock its largest position. Trigran Investments Inc. owned 2.68% of Synaptics worth $81,832,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Synaptics by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System increased its stake in Synaptics by 2.1% during the fourth quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock worth $728,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of Synaptics by 1.8% during the 4th quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock worth $883,000 after purchasing an additional 200 shares during the last quarter. Bridge City Capital LLC lifted its position in Synaptics by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock valued at $1,718,000 after buying an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock worth $624,000 after buying an additional 212 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SYNA shares. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho lowered 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 restated a "buy" rating and issued a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Finally, Susquehanna lifted 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. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.00.

Insider Activity

In other Synaptics news, insider Ken Rizvi acquired 3,600 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of the acquisition, the insider now directly owns 27,630 shares of the company's stock, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Synaptics Stock Performance

NASDAQ SYNA traded up $0.66 during trading on Friday, reaching $56.79. The company's stock had a trading volume of 147,120 shares, compared to its average volume of 464,533. The business's fifty day moving average price is $59.79 and its 200-day moving average price is $70.99. 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 has a market cap of $2.23 billion, a price-to-earnings ratio of 13.39 and a beta of 1.60. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $98.00.

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.