Headlands Technologies LLC increased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 851.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,892 shares of the software maker's stock after acquiring an additional 6,168 shares during the period. Headlands Technologies LLC's holdings in Synaptics were worth $526,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Synaptics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock worth $374,569,000 after purchasing an additional 93,155 shares during the last quarter. Geode Capital Management LLC grew its position in Synaptics by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 978,494 shares of the software maker's stock worth $74,695,000 after acquiring an additional 9,799 shares during the period. Norges Bank acquired a new stake in shares of Synaptics during the 4th quarter worth about $43,481,000. Wellington Management Group LLP increased its position in shares of Synaptics by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock valued at $42,483,000 after acquiring an additional 95,432 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock valued at $40,170,000 after purchasing an additional 165,866 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. 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 raised their price objective on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.00.
Check Out Our Latest Report on Synaptics
Insider Activity at Synaptics
In other Synaptics news, insider Ken Rizvi bought 3,600 shares of the business's stock in a transaction on Monday, February 10th. The shares were purchased at an average price 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. The trade was a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.
Synaptics Stock Up 21.8 %
NASDAQ:SYNA traded up $9.34 on Wednesday, reaching $52.26. The stock had a trading volume of 1,138,696 shares, compared to its average volume of 458,608. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a 50-day moving average of $64.96 and a 200 day moving average of $72.95. The stock has a market cap of $2.05 billion, a P/E ratio of 12.35 and a beta of 1.60.
Synaptics Company Profile
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Free Report)
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.
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