Xponance Inc. Boosts Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Xponance Inc. increased its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 7.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,703 shares of the software maker’s stock after purchasing an additional 382 shares during the period. Xponance Inc.’s holdings in Synaptics were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its position in shares of Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock worth $847,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System increased its holdings in Synaptics by 2.1% during the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker’s stock worth $728,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System raised its position in Synaptics by 1.8% in the 4th quarter. Arizona State Retirement System now owns 11,573 shares of the software maker’s stock valued at $883,000 after purchasing an additional 200 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker’s stock valued at $624,000 after buying an additional 212 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Synaptics by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker’s stock worth $7,025,000 after buying an additional 333 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought 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. The trade was a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Synaptics Price Performance

SYNA stock opened at $64.35 on Thursday. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.52 billion, a P/E ratio of 15.21 and a beta of 1.55. The business has a 50 day simple moving average of $71.99 and a 200-day simple moving average of $74.56. Synaptics Incorporated has a twelve month low of $60.75 and a twelve month high of $99.99.

Wall Street Analyst Weigh In

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

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.