Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 127.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,362 shares of the software maker's stock after buying an additional 41,069 shares during the quarter. Sei Investments Co. owned about 0.18% of Synaptics worth $5,599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Synaptics during the third quarter worth $31,000. KBC Group NV raised its stake in shares of Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after buying an additional 837 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Synaptics in the 3rd quarter valued at about $227,000. Cibc World Markets Corp purchased a new stake in shares of Synaptics in the fourth quarter worth about $283,000. Finally, Raymond James Financial Inc. acquired a new stake in Synaptics during the fourth quarter worth about $371,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synaptics

In related news, insider Ken Rizvi purchased 3,600 shares of the company's stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company's stock.

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Analyst Ratings Changes

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

Synaptics Price Performance

Shares of Synaptics stock traded down $3.79 during mid-day trading on Friday, reaching $48.25. 946,556 shares of the stock traded hands, compared to its average volume of 444,817. The stock has a market capitalization of $1.89 billion, a PE ratio of 11.41 and a beta of 1.60. The business has a 50-day moving average of $68.66 and a 200 day moving average of $73.90. Synaptics Incorporated has a fifty-two week low of $45.86 and a fifty-two week 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.

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.