Glenview Trust co Acquires 4,680 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Glenview Trust co raised its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,680 shares of the software maker's stock after acquiring an additional 4,680 shares during the quarter. Glenview Trust co owned about 0.07% of Synaptics worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP bought a new stake in shares of Synaptics during the 3rd quarter valued at about $31,000. KBC Group NV boosted its position in shares of Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after acquiring an additional 837 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Synaptics during the 3rd quarter valued at about $218,000. XTX Topco Ltd bought a new stake in shares of Synaptics during the 3rd quarter valued at about $227,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Synaptics during the 3rd quarter valued at about $266,000. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Up 0.9 %

Shares of NASDAQ SYNA traded up $0.60 during mid-day trading on Wednesday, hitting $65.62. 40,996 shares of the stock traded hands, compared to its average volume of 417,889. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The stock has a fifty day moving average price of $73.51 and a 200-day moving average price of $74.99. Synaptics Incorporated has a 52 week low of $60.75 and a 52 week high of $102.99. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 15.51 and a beta of 1.56.

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Insiders Place Their Bets

In related news, insider Ken Rizvi bought 3,600 shares of the company's stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the completion of the acquisition, the insider now owns 27,630 shares of the company's stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SYNA. Susquehanna lifted their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report 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. Rosenblatt Securities restated a "buy" rating and issued a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.