Jones Financial Companies Lllp Has $1.51 Million Position in Synaptics Incorporated (NASDAQ:SYNA)

Jones Financial Companies Lllp grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 37.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,829 shares of the software maker’s stock after purchasing an additional 5,439 shares during the period. Jones Financial Companies Lllp’s holdings in Synaptics were worth $1,513,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. increased its position in shares of Synaptics by 5.8% in the third quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock valued at $44,804,000 after acquiring an additional 31,565 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock valued at $40,170,000 after purchasing an additional 165,866 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Synaptics by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock valued at $34,747,000 after purchasing an additional 17,119 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of Synaptics by 210.0% during the 4th quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker’s stock worth $15,633,000 after purchasing an additional 138,748 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Synaptics by 2.1% during the 4th quarter. Rhumbline Advisers now owns 134,478 shares of the software maker’s stock worth $10,263,000 after purchasing an additional 2,752 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYNA has been the subject of several analyst reports. TD Cowen raised their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities reissued a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna upped their target price on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. 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 reissued a “buy” rating and set a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.88.

Synaptics Trading Up 0.6 %

Shares of NASDAQ:SYNA opened at $63.97 on Friday. Synaptics Incorporated has a 12-month low of $61.29 and a 12-month high of $109.00. The business has a 50 day moving average of $76.19 and a 200-day moving average of $75.97. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.51 billion, a PE ratio of 15.12 and a beta of 1.45.

Insider Activity at Synaptics

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

About Synaptics

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.