Mirabella Financial Services LLP Takes Position in Synaptics Incorporated (NASDAQ:SYNA)

Mirabella Financial Services LLP acquired a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 59,468 shares of the software maker's stock, valued at approximately $4,539,000. Mirabella Financial Services LLP owned approximately 0.15% of Synaptics as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Synaptics during the 4th quarter valued at $43,481,000. Groupama Asset Managment bought a new stake in shares of Synaptics during the 4th quarter worth about $38,160,000. TimesSquare Capital Management LLC increased its holdings in shares of Synaptics by 46.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock valued at $40,170,000 after acquiring an additional 165,866 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Synaptics by 210.0% in the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock valued at $15,633,000 after acquiring an additional 138,748 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Synaptics by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock worth $42,483,000 after purchasing an additional 95,432 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Synaptics Price Performance

Shares of Synaptics stock traded up $0.44 during trading on Friday, hitting $56.57. 142,388 shares of the company's stock traded hands, compared to its average volume of 464,507. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $98.00. 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 market cap of $2.22 billion, a PE ratio of 13.35 and a beta of 1.60. The firm's fifty day moving average price is $59.79 and its 200 day moving average price is $70.99.

Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the company's stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares of the company's stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

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.