Bridge City Capital LLC Buys 201 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Bridge City Capital LLC raised its stake in Synaptics Incorporated (NASDAQ:SYNA) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,511 shares of the software maker’s stock after acquiring an additional 201 shares during the quarter. Bridge City Capital LLC’s holdings in Synaptics were worth $1,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Synaptics in the 3rd quarter worth approximately $31,000. KBC Group NV boosted its stake in Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after purchasing an additional 837 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Synaptics during the third quarter worth $227,000. Meridian Wealth Management LLC acquired a new stake in shares of Synaptics in the third quarter valued at $266,000. Finally, Cibc World Markets Corp acquired a new stake in Synaptics in the 4th quarter valued at about $283,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Finally, 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. Two 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.88.

Synaptics Trading Down 1.0 %

NASDAQ SYNA opened at $64.10 on Friday. Synaptics Incorporated has a 52 week low of $60.75 and a 52 week high of $99.99. 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 stock’s 50 day moving average price is $72.74 and its two-hundred day moving average price is $74.74. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 15.15 and a beta of 1.56.

Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the business’s stock in a transaction dated 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 acquisition, the insider now owns 27,630 shares in the company, valued at $1,910,614.50. This represents a 14.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.