Fmr LLC Purchases 16,337 Shares of Synaptics Incorporated (NASDAQ:SYNA)

FMR LLC raised its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,891,227 shares of the software maker's stock after buying an additional 16,337 shares during the quarter. FMR LLC owned about 4.72% of Synaptics worth $144,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SYNA. Brown Brothers Harriman & Co. purchased a new position in Synaptics in the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Synaptics in the 4th quarter worth about $43,000. KBC Group NV increased its position 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 purchasing an additional 837 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Synaptics during the 3rd quarter valued at about $227,000. Finally, Cibc World Markets Corp bought a new stake in Synaptics in the 4th quarter worth approximately $283,000. 99.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 cost of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now owns 27,630 shares of the company's stock, valued at $1,910,614.50. This trade represents a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.30% of the company's stock.

Synaptics Trading Up 2.1 %

Shares of NASDAQ SYNA traded up $1.00 during trading hours on Friday, hitting $49.07. The company's stock had a trading volume of 357,450 shares, compared to its average volume of 464,110. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $98.00. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 11.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The business has a 50-day simple moving average of $61.78 and a 200-day simple moving average of $71.84.

Analysts Set New Price Targets

Several research firms have commented on SYNA. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Susquehanna lifted their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Mizuho cut their price target 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. 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. Finally, Rosenblatt Securities restated a "buy" rating and set a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $95.00.

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.