6,000 Shares in Synaptics Incorporated (NASDAQ:SYNA) Bought by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,000 shares of the software maker's stock, valued at approximately $442,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Synaptics in the 3rd quarter worth about $31,000. KBC Group NV increased its stake in Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after buying an additional 837 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Synaptics during the 3rd quarter worth approximately $132,000. Aigen Investment Management LP bought a new position in shares of Synaptics during the 3rd quarter worth approximately $218,000. Finally, XTX Topco Ltd bought a new position in shares of Synaptics during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SYNA. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Rosenblatt Securities reissued a "buy" rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna lifted their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Synaptics has a consensus rating of "Moderate Buy" and a consensus price target of $96.88.

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Synaptics Stock Performance

Shares of NASDAQ:SYNA traded down $0.77 during mid-day trading on Thursday, reaching $61.71. The company had a trading volume of 426,307 shares, compared to its average volume of 416,904. 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 $2.42 billion, a price-to-earnings ratio of 14.59 and a beta of 1.55. The company's 50-day moving average price is $74.94 and its 200-day moving average price is $75.49. Synaptics Incorporated has a one year low of $60.14 and a one year high of $106.29.

Insider Activity at Synaptics

In other Synaptics news, insider Ken Rizvi acquired 3,600 shares of Synaptics stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $69.15 per share, for a total transaction 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. This represents a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

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.