Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,643 shares of the software maker's stock after purchasing an additional 95,432 shares during the period. Wellington Management Group LLP owned approximately 1.39% of Synaptics worth $42,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Synaptics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after purchasing an additional 93,155 shares in the last quarter. Norges Bank purchased a new position in Synaptics in the fourth quarter worth about $43,481,000. TimesSquare Capital Management LLC grew its position 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 acquiring an additional 165,866 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Synaptics by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker's stock worth $35,991,000 after acquiring an additional 23,702 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Synaptics by 52.1% in the fourth quarter. JPMorgan Chase & Co. now owns 270,225 shares of the software maker's stock worth $20,624,000 after acquiring an additional 92,549 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on SYNA shares. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. 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 note on Monday, March 24th. Rosenblatt Securities reissued a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Susquehanna raised their price objective 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. Finally, Craig Hallum raised shares of 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, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Synaptics presently has an average rating of "Moderate Buy" and an average target price of $95.00.

Insider Buying and Selling at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now owns 27,630 shares in the company, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Synaptics Stock Down 9.9 %

NASDAQ SYNA traded down $5.15 on Thursday, hitting $47.11. The stock had a trading volume of 104,134 shares, compared to its average volume of 457,272. The business's fifty day moving average price is $64.96 and its 200 day moving average price is $72.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 11.24 and a beta of 1.60.

Synaptics Company 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.