Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 948.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,511 shares of the software maker’s stock after purchasing an additional 11,318 shares during the quarter. Quantbot Technologies LP’s holdings in Synaptics were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYNA. TimesSquare Capital Management LLC boosted its stake in shares of Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock valued at $40,170,000 after buying an additional 165,866 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Synaptics by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker’s stock worth $35,991,000 after purchasing an additional 23,702 shares in the last quarter. Peregrine Capital Management LLC grew its stake in shares of Synaptics by 210.0% during 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 during the period. Rhumbline Advisers increased its holdings in shares of Synaptics by 2.1% in the 4th quarter. Rhumbline Advisers now owns 134,478 shares of the software maker’s stock valued at $10,263,000 after purchasing an additional 2,752 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Synaptics by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker’s stock valued at $7,025,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SYNA shares. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Susquehanna raised their price objective on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Mizuho reduced their price objective on Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. 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, Synaptics presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Transactions at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares of the company’s stock, valued at $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Synaptics Stock Performance

NASDAQ:SYNA opened at $65.26 on Wednesday. The company has a market cap of $2.56 billion, a P/E ratio of 15.43 and a beta of 1.55. The firm’s 50 day moving average is $72.34 and its two-hundred day moving average is $74.63. Synaptics Incorporated has a fifty-two week low of $60.75 and a fifty-two week high of $99.99. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60.

About Synaptics

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.