Kennedy Capital Management LLC Buys Shares of 8,525 Synaptics Incorporated (NASDAQ:SYNA)

Kennedy Capital Management LLC purchased a new position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,525 shares of the software maker's stock, valued at approximately $651,000.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 93,155 shares during the period. FMR LLC increased its holdings in Synaptics by 0.9% in the 4th quarter. FMR LLC now owns 1,891,227 shares of the software maker's stock worth $144,338,000 after acquiring an additional 16,337 shares during the last quarter. Geode Capital Management LLC raised its stake in Synaptics by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 978,494 shares of the software maker's stock valued at $74,695,000 after acquiring an additional 9,799 shares during the period. Norges Bank bought a new position in Synaptics during the fourth quarter worth about $43,481,000. Finally, Wellington Management Group LLP increased its stake in shares of Synaptics by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock worth $42,483,000 after purchasing an additional 95,432 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Insider Buying and Selling

In related news, insider Ken Rizvi bought 3,600 shares of the business's stock in a transaction dated 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 owns 27,630 shares of the company's stock, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Synaptics Trading Up 2.1 %

SYNA traded up $1.00 on Friday, hitting $49.07. 357,450 shares of the company were exchanged, compared to its average volume of 464,615. 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 12 month low of $41.80 and a 12 month high of $98.00. The firm has a fifty day simple moving average of $61.78 and a two-hundred day simple moving average of $71.84. The stock has a market capitalization of $1.92 billion, a PE ratio of 11.60 and a beta of 1.60.

Analyst Ratings Changes

Several research analysts recently commented on SYNA shares. Mizuho cut their price objective 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 boosted their price objective on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $105.00 price target on shares of Synaptics in a 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.