ExodusPoint Capital Management LP Purchases 87,034 Shares of Synaptics Incorporated (NASDAQ:SYNA)

ExodusPoint Capital Management LP boosted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 511.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,038 shares of the software maker’s stock after buying an additional 87,034 shares during the period. ExodusPoint Capital Management LP’s holdings in Synaptics were worth $7,940,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Synaptics during the 3rd quarter valued at approximately $31,000. Brown Brothers Harriman & Co. bought a new position in Synaptics during the fourth quarter valued at $31,000. KBC Group NV grew its stake in shares of Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after buying an additional 837 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Synaptics in the 3rd quarter worth about $227,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Synaptics during the 4th quarter valued at about $283,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Ken Rizvi purchased 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 purchase, the insider now 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 Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Synaptics Trading Down 7.3 %

Shares of Synaptics stock opened at $48.25 on Friday. The firm has a 50-day simple moving average of $68.66 and a two-hundred day simple moving average of $73.92. 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 fifty-two week low of $45.86 and a fifty-two week high of $98.00. The company has a market cap of $1.89 billion, a P/E ratio of 11.41 and a beta of 1.60.

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.