Cardinal Capital Management Raises Position in Synaptics Incorporated (NASDAQ:SYNA)

Cardinal Capital Management increased its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,846 shares of the software maker's stock after acquiring an additional 9,141 shares during the period. Cardinal Capital Management owned about 0.09% of Synaptics worth $2,736,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. 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 worth $847,000 after acquiring an additional 200 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Synaptics by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 4,547 shares of the software maker's stock worth $352,000 after acquiring an additional 310 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Synaptics by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker's stock worth $7,025,000 after acquiring an additional 333 shares during the period. Quarry LP bought a new stake in shares of Synaptics in the third quarter worth $31,000. Finally, CWM LLC grew its holdings in shares of Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after acquiring an additional 423 shares during the period. Institutional investors own 99.43% of the company's stock.

Synaptics Price Performance

Shares of Synaptics stock traded down $3.73 during trading hours on Friday, hitting $71.76. The company's stock had a trading volume of 581,240 shares, compared to its average volume of 750,128. The business has a 50 day moving average price of $78.00 and a two-hundred day moving average price of $76.36. Synaptics Incorporated has a 12-month low of $67.16 and a 12-month high of $109.00. The company has a market cap of $2.81 billion, a PE ratio of 16.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Analyst Ratings Changes

Several analysts recently commented on the company. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. TD Cowen boosted their price target on Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and set a $92.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Finally, Susquehanna boosted their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.25.

Insider Activity

In related news, insider Vikram Gupta sold 411 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Rizvi bought 3,600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares of the company's stock, valued at $1,910,614.50. This represents a 14.98 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company's stock.

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.