Victory Capital Management Inc. Buys 229 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Victory Capital Management Inc. grew its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 0.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 577,752 shares of the software maker’s stock after acquiring an additional 229 shares during the period. Victory Capital Management Inc. owned about 1.44% of Synaptics worth $44,094,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SYNA. Quarry LP bought a new position in Synaptics during the third quarter valued at $31,000. Van ECK Associates Corp purchased a new position in shares of Synaptics during the 3rd quarter valued at $132,000. KBC Group NV grew its stake in shares of Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after acquiring an additional 837 shares during the period. Aigen Investment Management LP bought a new position in shares of Synaptics during the 3rd quarter worth $218,000. Finally, XTX Topco Ltd purchased a new stake in Synaptics in the 3rd quarter worth about $227,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction that occurred on Monday, February 10th. The stock was acquired 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 directly owns 27,630 shares in the company, valued at $1,910,614.50. This represents 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 company insiders.

Synaptics Stock Performance

NASDAQ SYNA opened at $67.16 on Friday. The company’s 50 day simple moving average is $75.69 and its two-hundred day simple moving average is $75.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. Synaptics Incorporated has a 1 year low of $61.29 and a 1 year high of $109.00. The stock has a market capitalization of $2.63 billion, a PE ratio of 15.88 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SYNA. Rosenblatt Securities reiterated a “buy” rating and set a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna raised their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock 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 restated a “buy” rating and set a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.