Ken Rizvi Purchases 3,600 Shares of Synaptics Incorporated (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Synaptics Trading Up 5.2 %

Shares of SYNA opened at $71.79 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. Synaptics Incorporated has a 52-week low of $67.16 and a 52-week high of $112.00. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 16.97 and a beta of 1.45. The business’s fifty day moving average is $79.05 and its 200-day moving average is $76.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of Synaptics by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock valued at $847,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System lifted its stake in Synaptics by 2.1% in the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker’s stock valued at $728,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in Synaptics by 1.8% in the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker’s stock valued at $883,000 after buying an additional 200 shares in the last quarter. Bridge City Capital LLC grew its stake in shares of Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker’s stock worth $1,718,000 after buying an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker’s stock worth $624,000 after buying an additional 212 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

SYNA has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a report on Tuesday, February 4th. TD Cowen lifted their price target on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Susquehanna lifted their price objective on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $92.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.25.

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.