Dynamic Technology Lab Private Ltd Buys New Shares in Synaptics Incorporated (NASDAQ:SYNA)

Dynamic Technology Lab Private Ltd purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,935 shares of the software maker's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Synaptics during the third quarter worth about $31,000. Brown Brothers Harriman & Co. acquired a new position in Synaptics during the 4th quarter worth approximately $31,000. KBC Group NV raised its stake in shares of Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after buying an additional 837 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Synaptics in the 3rd quarter valued at approximately $227,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Synaptics in the fourth quarter valued at approximately $283,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on SYNA. Susquehanna increased their price objective on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Mizuho cut their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Rosenblatt Securities reissued a "buy" rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Finally, Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $95.00.

Insider Activity at Synaptics

In other news, insider Ken Rizvi bought 3,600 shares of the stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

Synaptics Price Performance

Shares of NASDAQ SYNA traded down $0.66 during trading on Tuesday, reaching $49.23. The company had a trading volume of 61,381 shares, compared to its average volume of 462,363. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $98.00. The stock has a 50-day moving average price of $63.16 and a two-hundred day moving average price of $72.36. The stock has a market capitalization of $1.93 billion, a PE ratio of 11.63 and a beta of 1.60.

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.