Brown Brothers Harriman & Co. Buys Shares of 400 Synaptics Incorporated (NASDAQ:SYNA)

Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 400 shares of the software maker’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Synaptics by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock worth $34,747,000 after buying an additional 17,119 shares during the period. BNP Paribas Financial Markets grew its position in shares of Synaptics by 111.7% during the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock worth $6,189,000 after acquiring an additional 42,101 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Synaptics by 108.3% in the 3rd quarter. Verition Fund Management LLC now owns 5,635 shares of the software maker’s stock worth $437,000 after acquiring an additional 2,930 shares during the period. Holocene Advisors LP lifted its position in Synaptics by 51.2% in the 3rd quarter. Holocene Advisors LP now owns 47,837 shares of the software maker’s stock valued at $3,711,000 after purchasing an additional 16,193 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in Synaptics during the 3rd quarter valued at about $844,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Stock Performance

SYNA stock opened at $63.67 on Thursday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.05 and a beta of 1.60. The firm has a 50 day moving average of $70.02 and a two-hundred day moving average of $74.27. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 12 month low of $60.75 and a 12 month high of $98.00.

Analyst Ratings Changes

SYNA has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Mizuho decreased 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, March 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. Susquehanna increased their price target 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. Finally, Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Synaptics has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insiders Place Their Bets

In related news, insider Ken Rizvi purchased 3,600 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average price of $69.15 per share, for a total transaction 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.