Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 511.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,038 shares of the software maker's stock after acquiring an additional 87,034 shares during the period. ExodusPoint Capital Management LP owned about 0.26% of Synaptics worth $7,940,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Verition Fund Management LLC lifted its stake in Synaptics by 108.3% in the third quarter. Verition Fund Management LLC now owns 5,635 shares of the software maker's stock valued at $437,000 after buying an additional 2,930 shares during the last quarter. Holocene Advisors LP grew its stake in Synaptics by 51.2% in the 3rd quarter. Holocene Advisors LP now owns 47,837 shares of the software maker's stock valued at $3,711,000 after acquiring an additional 16,193 shares during the last quarter. Quarry LP purchased a new stake in Synaptics in the 3rd quarter valued at approximately $31,000. iSAM Funds UK Ltd purchased a new stake in shares of Synaptics during the third quarter worth about $422,000. Finally, XTX Topco Ltd acquired a new position in shares of Synaptics in the third quarter valued at approximately $227,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Synaptics Stock Performance

SYNA stock traded down $5.14 during midday trading on Thursday, reaching $47.12. The company had a trading volume of 236,192 shares, compared to its average volume of 457,825. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $64.96 and a 200 day moving average price of $72.95. The firm has a market capitalization of $1.85 billion, a PE ratio of 11.13 and a beta of 1.60. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $98.00.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Susquehanna increased their price target on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Mizuho dropped their price target on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Synaptics presently has an average rating of "Moderate Buy" and an average target price of $95.00.

Insider Buying and Selling

In other news, insider Ken Rizvi bought 3,600 shares of the firm's stock in a transaction 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 transaction, the insider now owns 27,630 shares in the company, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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.