Charles Schwab Investment Management Inc. Has $35.99 Million Holdings in Synaptics Incorporated (NASDAQ:SYNA)

Charles Schwab Investment Management Inc. boosted its stake in Synaptics Incorporated (NASDAQ:SYNA) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,583 shares of the software maker’s stock after purchasing an additional 23,702 shares during the period. Charles Schwab Investment Management Inc. owned about 1.18% of Synaptics worth $35,991,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SYNA. State of New Jersey Common Pension Fund D increased its stake in shares of Synaptics by 21.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,745 shares of the software maker’s stock valued at $1,920,000 after buying an additional 4,343 shares during the period. GSA Capital Partners LLP acquired a new stake in Synaptics during the 3rd quarter valued at approximately $999,000. Aigen Investment Management LP bought a new position in Synaptics during the 3rd quarter worth approximately $218,000. Victory Capital Management Inc. lifted its position in shares of Synaptics by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock worth $44,804,000 after purchasing an additional 31,565 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Synaptics by 232.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,406 shares of the software maker’s stock valued at $652,000 after purchasing an additional 5,880 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now directly owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SYNA has been the subject of a number of analyst reports. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Rosenblatt Securities reissued a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Susquehanna raised their target price on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Synaptics in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.88.

Synaptics Stock Up 1.8 %

Shares of NASDAQ:SYNA opened at $62.82 on Friday. 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 52-week low of $60.75 and a 52-week high of $102.99. The business’s 50 day simple moving average is $74.16 and its two-hundred day simple moving average is $75.23. The firm has a market cap of $2.46 billion, a P/E ratio of 14.85 and a beta of 1.55.

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.