Charles Schwab Investment Management Inc. Purchases 17,119 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Charles Schwab Investment Management Inc. raised its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,881 shares of the software maker's stock after acquiring an additional 17,119 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.12% of Synaptics worth $34,747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SYNA. Choreo LLC raised its position in shares of Synaptics by 3.9% in the second quarter. Choreo LLC now owns 4,845 shares of the software maker's stock valued at $417,000 after purchasing an additional 180 shares during the period. Arizona State Retirement System increased its position in Synaptics by 2.1% during the second quarter. Arizona State Retirement System now owns 11,002 shares of the software maker's stock worth $970,000 after acquiring an additional 229 shares during the period. Diversified Trust Co increased its position in Synaptics by 6.7% during the third quarter. Diversified Trust Co now owns 3,997 shares of the software maker's stock worth $310,000 after acquiring an additional 251 shares during the period. GAMMA Investing LLC increased its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock worth $29,000 after acquiring an additional 267 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Synaptics by 3.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,357 shares of the software maker's stock worth $737,000 after acquiring an additional 299 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYNA has been the topic of a number of research reports. Susquehanna dropped their target price on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Needham & Company LLC dropped their target price on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Rosenblatt Securities dropped their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Finally, Craig Hallum lowered their price target on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.33.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 2,731 shares of the company's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $80.00, for a total transaction of $218,480.00. Following the transaction, the insider now owns 43,245 shares in the company, valued at $3,459,600. This represents a 5.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Synaptics Price Performance

Shares of NASDAQ:SYNA traded up $1.02 on Wednesday, hitting $81.63. The stock had a trading volume of 522,087 shares, compared to its average volume of 336,808. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The firm's 50 day moving average price is $74.81 and its 200-day moving average price is $80.84. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 20.76 and a beta of 1.45.

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.