Synaptics Incorporated (NASDAQ:SYNA) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 46.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 526,335 shares of the software maker's stock after purchasing an additional 165,866 shares during the quarter. TimesSquare Capital Management LLC owned about 1.31% of Synaptics worth $40,170,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Synaptics during the third quarter worth $31,000. CWM LLC boosted its holdings in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock valued at $89,000 after acquiring an additional 423 shares during the last quarter. KBC Group NV boosted its holdings in Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after acquiring an additional 837 shares during the last quarter. Van ECK Associates Corp acquired a new position in Synaptics in the third quarter valued at $132,000. Finally, Aigen Investment Management LP acquired a new position in Synaptics in the third quarter valued at $218,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Rosenblatt Securities reissued a "buy" rating and issued a $92.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. TD Cowen raised their price objective on Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Susquehanna raised their price objective on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.25.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ken Rizvi purchased 3,600 shares of the firm's stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 27,630 shares of the company's stock, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company's stock.

Synaptics Stock Down 4.9 %

Shares of NASDAQ SYNA traded down $3.73 during midday trading on Friday, reaching $71.76. 581,240 shares of the company's stock were exchanged, compared to its average volume of 750,128. Synaptics Incorporated has a 52-week low of $67.16 and a 52-week high of $109.00. The stock has a market capitalization of $2.81 billion, a PE ratio of 16.96 and a beta of 1.45. 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's fifty day moving average price is $78.00 and its two-hundred day moving average price is $76.36.

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.