Synaptics Incorporated (NASDAQ:SYNA) Stock Position Raised by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 210.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,829 shares of the software maker’s stock after buying an additional 138,748 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.51% of Synaptics worth $15,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CWM LLC lifted its stake in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares during the last quarter. Creative Planning raised its holdings in shares of Synaptics by 113.4% during the 3rd quarter. Creative Planning now owns 8,942 shares of the software maker’s stock valued at $694,000 after purchasing an additional 4,752 shares in the last quarter. CWC Advisors LLC. acquired a new stake in shares of Synaptics in the 3rd quarter valued at $297,000. State of Alaska Department of Revenue boosted its holdings in Synaptics by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 4,547 shares of the software maker’s stock worth $352,000 after purchasing an additional 310 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in Synaptics by 8.0% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 192,003 shares of the software maker’s stock worth $14,896,000 after buying an additional 14,181 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Trading Down 1.0 %

SYNA stock opened at $72.07 on Tuesday. The business has a fifty day moving average price of $78.56 and a 200 day moving average price of $76.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. Synaptics Incorporated has a fifty-two week low of $67.16 and a fifty-two week high of $112.00. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 17.04 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SYNA. Susquehanna boosted their price target on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $92.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. Finally, TD Cowen upped their price objective on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Activity

In other news, insider Ken Rizvi acquired 3,600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the transaction, the insider now owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.