Wealthfront Advisers LLC purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,494 shares of the software maker's stock, valued at approximately $3,625,000. Wealthfront Advisers LLC owned about 0.12% of Synaptics at the end of the most recent quarter.
Several other large investors have also bought and sold shares of SYNA. TimesSquare Capital Management LLC grew its stake in shares of Synaptics by 46.0% in the 4th 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. Peregrine Capital Management LLC grew its position in Synaptics by 210.0% in the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker's stock worth $15,633,000 after purchasing an additional 138,748 shares in the last quarter. Barclays PLC increased its stake in Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker's stock valued at $6,309,000 after buying an additional 53,252 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Synaptics by 111.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker's stock valued at $6,189,000 after buying an additional 42,101 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Synaptics by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker's stock worth $44,804,000 after buying an additional 31,565 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Synaptics
In other news, insider Ken Rizvi bought 3,600 shares of the stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the purchase, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on SYNA shares. Susquehanna boosted their target price on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Craig Hallum raised Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.88.
View Our Latest Stock Report on SYNA
Synaptics Trading Down 1.2 %
NASDAQ:SYNA opened at $61.71 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of 14.59 and a beta of 1.55. Synaptics Incorporated has a 1 year low of $60.22 and a 1 year high of $102.99. 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's fifty day moving average price is $74.94 and its two-hundred day moving average price is $75.49.
Synaptics Company Profile
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Free Report)
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.
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