Royce & Associates LP Has $2.03 Million Stake in Synaptics Incorporated (NASDAQ:SYNA)

Royce & Associates LP boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 253.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,602 shares of the software maker’s stock after acquiring an additional 19,070 shares during the quarter. Royce & Associates LP owned 0.07% of Synaptics worth $2,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYNA. Quarry LP acquired a new stake in shares of Synaptics during the 3rd quarter worth about $31,000. KBC Group NV grew its stake in Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after buying an additional 837 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Synaptics during the third quarter worth approximately $227,000. Meridian Wealth Management LLC bought a new position in shares of Synaptics in the third quarter valued at approximately $266,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Synaptics in the 4th quarter worth approximately $371,000. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Performance

Shares of NASDAQ:SYNA opened at $64.74 on Friday. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 1-year low of $60.75 and a 1-year high of $102.99. The stock has a market capitalization of $2.54 billion, a P/E ratio of 15.31 and a beta of 1.56. The business has a 50-day moving average price of $72.97 and a two-hundred day moving average price of $74.85.

Insider Buying and Selling

In related news, insider Ken Rizvi purchased 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the transaction, the insider now directly owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.