Groupama Asset Managment Invests $38.16 Million in Synaptics Incorporated (NASDAQ:SYNA)

Groupama Asset Managment bought a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 500,000 shares of the software maker's stock, valued at approximately $38,160,000. Groupama Asset Managment owned approximately 1.25% of Synaptics as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its stake in Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock worth $6,309,000 after buying an additional 53,252 shares in the last quarter. Vanguard Group Inc. increased its stake in Synaptics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after acquiring an additional 93,155 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Synaptics by 111.7% in the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker's stock valued at $6,189,000 after acquiring an additional 42,101 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Synaptics by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker's stock valued at $35,991,000 after purchasing an additional 23,702 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Synaptics in the 3rd quarter valued at $592,000. Institutional investors own 99.43% of the company's stock.

Synaptics Trading Down 7.3 %

Shares of NASDAQ:SYNA traded down $3.79 during mid-day trading on Friday, reaching $48.25. 946,556 shares of the company's stock were exchanged, compared to its average volume of 444,817. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics Incorporated has a twelve month low of $45.86 and a twelve month high of $98.00. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 11.41 and a beta of 1.60. The business's fifty day moving average price is $68.66 and its 200-day moving average price is $73.90.

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 acquired at an average price of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now owns 27,630 shares of the company's stock, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The acquisition 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.

Analyst Upgrades and Downgrades

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

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.