Barclays PLC Increases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Barclays PLC boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 38.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 112,930 shares of the software maker's stock after buying an additional 31,600 shares during the period. Barclays PLC owned approximately 0.28% of Synaptics worth $8,618,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SYNA. Brown Brothers Harriman & Co. bought a new position in shares of Synaptics during the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new position in Synaptics during the 4th quarter valued at $43,000. Sterling Capital Management LLC grew its position in Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock valued at $88,000 after acquiring an additional 1,031 shares during the last quarter. KBC Group NV increased its stake in Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after purchasing an additional 837 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Synaptics during the fourth quarter worth $283,000. 99.43% of the stock is currently owned by institutional investors.

Synaptics Stock Up 1.2 %

SYNA traded up $0.66 on Friday, hitting $56.79. The company had a trading volume of 290,278 shares, compared to its average volume of 466,694. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 13.43 and a beta of 1.60. The stock has a fifty day moving average price of $59.46 and a 200-day moving average price of $70.87. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of the company's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SYNA has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Susquehanna upped their target price 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. Mizuho decreased their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Rosenblatt Securities restated a "buy" rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Two research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $95.00.

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.