Charles Schwab Investment Management Inc. Purchases 23,702 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Charles Schwab Investment Management Inc. increased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 471,583 shares of the software maker's stock after purchasing an additional 23,702 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.18% of Synaptics worth $35,991,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SYNA. Quarry LP acquired a new position in shares of Synaptics during the 3rd quarter worth about $31,000. KBC Group NV grew 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 valued at $137,000 after purchasing an additional 837 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Synaptics during the 3rd quarter worth approximately $218,000. XTX Topco Ltd bought a new stake in shares of Synaptics during the 3rd quarter worth approximately $227,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Synaptics during the 3rd quarter worth approximately $266,000. Institutional investors own 99.43% of the company's stock.

Insider Transactions at Synaptics

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of the company's stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now owns 27,630 shares in the company, 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 SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.

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Synaptics Stock Performance

Shares of SYNA stock traded up $0.89 during midday trading on Wednesday, hitting $65.91. 128,114 shares of the company were exchanged, compared to its average volume of 418,265. Synaptics Incorporated has a 52 week low of $60.75 and a 52 week high of $102.99. The firm has a market capitalization of $2.58 billion, a P/E ratio of 15.60 and a beta of 1.56. The firm's 50 day moving average price is $73.51 and its two-hundred day moving average price is $74.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SYNA shares. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Rosenblatt Securities restated a "buy" rating and set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Finally, Susquehanna lifted their price target on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $96.88.

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.