Quantbot Technologies LP Has $955,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

Quantbot Technologies LP raised its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 948.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,511 shares of the software maker's stock after buying an additional 11,318 shares during the quarter. Quantbot Technologies LP's holdings in Synaptics were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Synaptics by 232.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,406 shares of the software maker's stock valued at $652,000 after purchasing an additional 5,880 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Synaptics by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker's stock valued at $34,747,000 after buying an additional 17,119 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Synaptics during the third quarter worth about $266,000. Algert Global LLC grew its stake in Synaptics by 44.9% in the third quarter. Algert Global LLC now owns 50,797 shares of the software maker's stock valued at $3,941,000 after acquiring an additional 15,750 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Synaptics by 111.7% in the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker's stock worth $6,189,000 after acquiring an additional 42,101 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

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Synaptics Stock Down 1.9 %

SYNA stock traded down $1.22 during mid-day trading on Friday, reaching $63.06. The company had a trading volume of 547,018 shares, compared to its average volume of 434,985. Synaptics Incorporated has a 52 week low of $60.75 and a 52 week high of $99.57. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.91 and a beta of 1.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The stock has a 50 day simple moving average of $71.25 and a two-hundred day simple moving average of $74.46.

Analyst Ratings Changes

Several brokerages recently issued reports on SYNA. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Susquehanna raised their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Mizuho reduced their target price 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 target on shares of Synaptics in a research note on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.00.

Insider Activity

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of the business's stock in a transaction on Monday, February 10th. The stock was acquired 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 $1,910,614.50. This trade represents a 14.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.

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.