Jones Financial Companies Lllp boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 37.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,829 shares of the software maker's stock after purchasing an additional 5,439 shares during the period. Jones Financial Companies Lllp's holdings in Synaptics were worth $1,513,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Synaptics by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker's stock worth $44,804,000 after purchasing an additional 31,565 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock worth $40,170,000 after buying an additional 165,866 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Synaptics by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker's stock valued at $34,747,000 after acquiring an additional 17,119 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Synaptics by 210.0% in the fourth quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock valued at $15,633,000 after acquiring an additional 138,748 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Synaptics by 2.1% in the fourth quarter. Rhumbline Advisers now owns 134,478 shares of the software maker's stock worth $10,263,000 after acquiring an additional 2,752 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.
Analysts Set New Price Targets
SYNA has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and set a $105.00 price target on shares of Synaptics in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Susquehanna upped 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. Finally, Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.88.
Check Out Our Latest Stock Report on SYNA
Synaptics Stock Performance
Shares of Synaptics stock traded down $2.07 during trading on Monday, reaching $65.09. The company's stock had a trading volume of 702,608 shares, compared to its average volume of 414,543. Synaptics Incorporated has a one year low of $56.29 and a one year high of $107.97. 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 cap of $2.55 billion, a price-to-earnings ratio of 15.39 and a beta of 1.55. The business's fifty day moving average price is $75.69 and its 200-day moving average price is $75.79.
Insider Buying and Selling at Synaptics
In related news, insider Ken Rizvi bought 3,600 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company's stock.
About Synaptics
(
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.
Read More
Before you consider Synaptics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synaptics wasn't on the list.
While Synaptics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
