Brown Brothers Harriman & Co. Invests $31,000 in Synaptics Incorporated (NASDAQ:SYNA)

Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 400 shares of the software maker’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Synaptics in the fourth quarter valued at approximately $43,481,000. TimesSquare Capital Management LLC raised its stake in Synaptics by 46.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock valued at $40,170,000 after purchasing an additional 165,866 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in Synaptics by 210.0% in the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker’s stock valued at $15,633,000 after purchasing an additional 138,748 shares during the period. Vanguard Group Inc. grew its position in Synaptics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker’s stock worth $374,569,000 after purchasing an additional 93,155 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Synaptics by 52.1% during the 4th quarter. JPMorgan Chase & Co. now owns 270,225 shares of the software maker’s stock worth $20,624,000 after purchasing an additional 92,549 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the insider now directly owns 27,630 shares of the company’s stock, valued at $1,910,614.50. This 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 this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Susquehanna lifted their price objective on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and set a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Finally, Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. 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 company’s stock. According to MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Synaptics Price Performance

NASDAQ:SYNA opened at $63.67 on Thursday. The firm has a market cap of $2.50 billion, a PE ratio of 15.05 and a beta of 1.60. The company’s 50-day moving average price is $70.02 and its two-hundred day moving average price is $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.

Synaptics 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.