Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 169.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 214,722 shares of the software maker’s stock after buying an additional 134,945 shares during the period. BNP Paribas Financial Markets’ holdings in Synaptics were worth $16,388,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Synaptics by 1.0% during the fourth quarter. Ameriprise Financial Inc. now owns 4,979,894 shares of the software maker’s stock valued at $380,059,000 after acquiring an additional 51,498 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Synaptics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker’s stock valued at $374,569,000 after purchasing an additional 93,155 shares in the last quarter. FMR LLC boosted its stake in shares of Synaptics by 0.9% during the 4th quarter. FMR LLC now owns 1,891,227 shares of the software maker’s stock worth $144,338,000 after purchasing an additional 16,337 shares during the last quarter. Trigran Investments Inc. grew its holdings in shares of Synaptics by 5.9% during the fourth quarter. Trigran Investments Inc. now owns 1,072,222 shares of the software maker’s stock worth $81,832,000 after buying an additional 59,647 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Synaptics by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,008,390 shares of the software maker’s stock valued at $76,960,000 after buying an additional 74,433 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Rosenblatt Securities reiterated a “buy” rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Needham & Company LLC began coverage on Synaptics in a report on Friday. They issued a “buy” rating and a $80.00 price target for the company. Finally, Mizuho cut their price objective on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Two equities research 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 has an average rating of “Moderate Buy” and an average price target of $93.89.

Insider Activity at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Synaptics Stock Up 0.1 %

Shares of NASDAQ:SYNA opened at $59.83 on Friday. The stock has a 50-day simple moving average of $57.30 and a 200-day simple moving average of $69.83. The stock has a market capitalization of $2.34 billion, a P/E ratio of 14.14 and a beta of 1.67. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $98.00. 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 (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. Synaptics had a net margin of 16.73% and a return on equity of 1.61%. The company had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.03 million. During the same period in the previous year, the firm earned $0.53 earnings per share. Synaptics’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts forecast that Synaptics Incorporated will post 0.96 earnings per share for the current year.

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.