Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in Synaptics Incorporated (NASDAQ:SYNA) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,161 shares of the software maker’s stock after buying an additional 834 shares during the period. Bank of Montreal Can’s holdings in Synaptics were worth $394,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in Synaptics by 189.7% in the third quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after purchasing an additional 53,252 shares during the period. Profit Investment Management LLC grew its stake in Synaptics by 8.9% in the fourth quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker’s stock worth $1,886,000 after purchasing an additional 2,029 shares in the last quarter. KBC Group NV increased its holdings in Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after buying an additional 837 shares during the last quarter. Retirement Systems of Alabama increased its stake in Synaptics by 1.2% during the fourth quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker’s stock valued at $4,671,000 after purchasing an additional 727 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Synaptics by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock valued at $847,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analyst Ratings Changes

SYNA has been the subject of a number of research reports. Susquehanna increased their price target on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Mizuho dropped their price target on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note 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 report on Tuesday, February 4th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Synaptics Stock Up 2.9 %

Shares of NASDAQ:SYNA opened at $50.38 on Wednesday. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00. The company has a market capitalization of $1.97 billion, a PE ratio of 11.91 and a beta of 1.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The company has a fifty day moving average of $60.49 and a 200-day moving average of $71.25.

Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

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.