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

Synaptics Incorporated (NASDAQ:SYNA) insider Ken Rizvi acquired 3,600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, with a total value of $248,940.00. Following the acquisition, the insider now owns 27,630 shares in the company, 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 link.

Synaptics Stock Performance

Shares of Synaptics stock opened at $71.79 on Thursday. The business has a 50-day moving average price of $79.05 and a two-hundred day moving average price of $76.74. Synaptics Incorporated has a 1-year low of $67.16 and a 1-year high of $112.00. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.88 billion, a P/E ratio of 16.97 and a beta of 1.45.

Institutional Investors Weigh In On Synaptics

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after buying an additional 267 shares during the period. Quarry LP bought a new stake in shares of Synaptics in the 3rd quarter valued at $31,000. Brown Brothers Harriman & Co. acquired a new position in shares of Synaptics during the 4th quarter valued at $31,000. CWM LLC boosted its stake in Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after acquiring an additional 423 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Synaptics in the third quarter worth $132,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analysts Set New Price Targets

SYNA has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $92.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Susquehanna increased 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. TD Cowen lifted their target price on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.