500,000 Shares in Synaptics Incorporated (NASDAQ:SYNA) Acquired by Groupama Asset Managment

Groupama Asset Managment acquired a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in shares of Synaptics by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock worth $847,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System grew its holdings in Synaptics by 2.1% in the fourth quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock valued at $728,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of Synaptics by 1.8% in the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock valued at $883,000 after buying an additional 200 shares in the last quarter. Bridge City Capital LLC raised its stake in shares of Synaptics by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock worth $1,718,000 after buying an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC boosted its position in shares of Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock worth $624,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.

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Insider Transactions at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares of the company's stock, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company's stock.

Synaptics Trading Up 0.8 %

NASDAQ SYNA traded up $0.50 during trading hours on Wednesday, hitting $63.67. 360,412 shares of the company's stock were exchanged, compared to its average volume of 437,626. 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 firm has a market capitalization of $2.50 billion, a P/E ratio of 15.05 and a beta of 1.60. The business's 50 day moving average is $70.02 and its 200-day moving average is $74.27. Synaptics Incorporated has a 12-month low of $60.75 and a 12-month high of $98.00.

Wall Street Analyst Weigh In

SYNA has been the subject of several recent research reports. Mizuho dropped their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Susquehanna lifted their price objective on Synaptics from $95.00 to $105.00 and gave the stock 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 report on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Synaptics has an average rating of "Moderate Buy" and an average target price of $95.00.

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.