Mitsubishi UFJ Asset Management Co. Ltd. Has $2.80 Million Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 28.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,576 shares of the software maker’s stock after purchasing an additional 7,622 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Synaptics were worth $2,801,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Synaptics by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker’s stock valued at $847,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Synaptics by 2.1% in the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker’s stock worth $728,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Synaptics by 1.8% in the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker’s stock valued at $883,000 after purchasing an additional 200 shares during the last quarter. Bridge City Capital LLC lifted its position in shares of Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker’s stock valued at $1,718,000 after purchasing an additional 201 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in Synaptics by 2.7% during the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker’s stock worth $624,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Trading Down 0.9 %

Shares of SYNA stock opened at $63.17 on Wednesday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 14.93 and a beta of 1.55. The company’s fifty day simple moving average is $70.42 and its two-hundred day simple moving average is $74.34. Synaptics Incorporated has a 1 year low of $60.75 and a 1 year high of $98.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36.

Insider Activity at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of Synaptics stock in a transaction that occurred 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 purchase, the insider now owns 27,630 shares in the company, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna lifted 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. Mizuho decreased their target price on Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $105.00 price target on shares of Synaptics in a research report on Thursday, February 27th. Finally, Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Synaptics has an average rating of “Moderate Buy” and a consensus price target of $95.00.

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.