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

Quantbot Technologies LP grew its stake in Synaptics Incorporated (NASDAQ:SYNA) by 948.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,511 shares of the software maker’s stock after purchasing an additional 11,318 shares during the period. Quantbot Technologies LP’s holdings in Synaptics were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SYNA. TimesSquare Capital Management LLC raised its stake in Synaptics by 46.0% during 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. Peregrine Capital Management LLC raised its position 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 valued at $15,633,000 after acquiring an additional 138,748 shares in the last quarter. Barclays PLC lifted its stake in Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after purchasing an additional 53,252 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Synaptics in the fourth quarter worth $3,625,000. Finally, BNP Paribas Financial Markets increased its stake in Synaptics by 111.7% during the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock valued at $6,189,000 after purchasing an additional 42,101 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Trading Up 0.0 %

Shares of SYNA stock opened at $65.26 on Wednesday. The firm has a market capitalization of $2.56 billion, a PE ratio of 15.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics Incorporated has a 1 year low of $60.75 and a 1 year high of $99.99. The stock has a fifty day moving average of $72.34 and a two-hundred day moving average of $74.63.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SYNA. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Susquehanna lifted their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho reduced their price objective on Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Rosenblatt Securities restated a “buy” rating and set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Synaptics currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Buying and Selling

In other news, insider Ken Rizvi bought 3,600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of the acquisition, the insider now directly owns 27,630 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.