Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lifted its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the software maker’s stock after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Synaptics were worth $847,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Synaptics by 189.7% during the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after acquiring an additional 53,252 shares during the period. Algert Global LLC boosted its stake in Synaptics by 44.9% in the 3rd quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock valued at $3,941,000 after buying an additional 15,750 shares in the last quarter. BNP Paribas Financial Markets raised its position in Synaptics by 111.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock valued at $6,189,000 after purchasing an additional 42,101 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Synaptics by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock worth $34,747,000 after acquiring an additional 17,119 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Synaptics in the third quarter valued at about $592,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $72.07 on Tuesday. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a twelve month low of $67.16 and a twelve month high of $112.00. The firm has a market cap of $2.89 billion, a P/E ratio of 17.04 and a beta of 1.45. The company has a 50 day moving average of $78.56 and a 200 day moving average of $76.40.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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. 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. Rosenblatt Securities reissued a “buy” rating and issued a $92.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Susquehanna upped their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and an average price target of $95.25.

Insider Activity

In other Synaptics 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 value of $33,549.93. Following the transaction, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. This represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ken Rizvi bought 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now directly 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 disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

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.