Synaptics Incorporated (NASDAQ:SYNA) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,576 shares of the software maker's stock after purchasing an additional 7,622 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Synaptics worth $2,801,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SYNA. TimesSquare Capital Management LLC raised its stake in shares of Synaptics by 46.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker's stock valued at $40,170,000 after acquiring an additional 165,866 shares during the period. Peregrine Capital Management LLC boosted its holdings in Synaptics by 210.0% during the 4th 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 period. Vanguard Group Inc. grew its position in Synaptics by 1.9% in the 4th 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 in the last quarter. Prudential Financial Inc. increased its stake in Synaptics by 51.6% during the fourth quarter. Prudential Financial Inc. now owns 257,817 shares of the software maker's stock worth $19,677,000 after purchasing an additional 87,746 shares during the period. Finally, Barclays PLC boosted its stake in shares of Synaptics by 189.7% in the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock valued at $6,309,000 after purchasing an additional 53,252 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Rosenblatt Securities restated a "buy" rating and issued a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. Susquehanna upped their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho dropped their target price on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Synaptics in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.00.

Insider Buying and Selling at Synaptics

In other news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $69.15 per share, for a total transaction 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. The trade was a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.

Synaptics Stock Performance

NASDAQ:SYNA traded down $3.79 during trading hours on Friday, reaching $48.25. 946,556 shares of the company's stock were exchanged, compared to its average volume of 444,817. Synaptics Incorporated has a 1-year low of $45.86 and a 1-year high of $98.00. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. 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 company has a 50-day moving average of $68.66 and a 200 day moving average of $73.90.

Synaptics 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.