Royce & Associates LP raised its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 253.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,602 shares of the software maker's stock after acquiring an additional 19,070 shares during the period. Royce & Associates LP owned about 0.07% of Synaptics worth $2,030,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock worth $847,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System increased its position in shares of 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 acquiring an additional 200 shares during the last quarter. Arizona State Retirement System raised its holdings in Synaptics by 1.8% during the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock worth $883,000 after acquiring an additional 200 shares in the last quarter. Inspire Advisors LLC boosted its position in Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock valued at $624,000 after purchasing an additional 212 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Synaptics by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker's stock valued at $7,025,000 after purchasing an additional 333 shares in the last quarter. 99.43% of the stock is owned by institutional investors.
Synaptics Stock Performance
Shares of NASDAQ:SYNA traded up $0.01 during trading on Tuesday, reaching $65.26. 487,194 shares of the stock were exchanged, compared to its average volume of 421,508. The firm has a market cap of $2.56 billion, a PE ratio of 15.43 and a beta of 1.55. 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 $60.75 and a 12 month high of $99.99. The stock has a 50-day moving average price of $72.53 and a 200-day moving average price of $74.68.
Analyst Ratings Changes
SYNA has been the subject of several recent analyst reports. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Susquehanna lifted their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Synaptics in a research note on Tuesday, February 4th. Finally, Mizuho lowered their price target on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.00.
View Our Latest Stock Report on SYNA
Insider Activity at Synaptics
In other Synaptics news, insider Ken Rizvi acquired 3,600 shares of the business's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $69.15 per share, with a total value of $248,940.00. Following the acquisition, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
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.
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