KBC Group NV Purchases 837 Shares of Synaptics Incorporated (NASDAQ:SYNA)

KBC Group NV grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 87.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,795 shares of the software maker’s stock after buying an additional 837 shares during the period. KBC Group NV’s holdings in Synaptics were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYNA. GAMMA Investing LLC boosted its stake in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after acquiring an additional 267 shares in the last quarter. Quarry LP purchased a new position in shares of Synaptics during the third quarter valued at approximately $31,000. CWM LLC boosted its position in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after purchasing an additional 423 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Synaptics in the 3rd quarter worth approximately $132,000. Finally, nVerses Capital LLC increased its position in Synaptics by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 2,800 shares of the software maker’s stock valued at $217,000 after buying an additional 1,200 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Down 1.4 %

SYNA opened at $74.82 on Friday. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $115.85. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $79.91 and a 200-day moving average price of $77.37. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.94 and a beta of 1.45.

Analysts Set New Price Targets

Several research firms have commented on SYNA. TD Cowen boosted 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 raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Synaptics in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $92.00 target price on shares of Synaptics in a research note on Tuesday. Finally, Susquehanna raised their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Three 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.44.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 411 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the sale, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. This represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

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.