Bridge City Capital LLC Has $1.72 Million Stock Position in Synaptics Incorporated (NASDAQ:SYNA)

Bridge City Capital LLC boosted its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,511 shares of the software maker’s stock after acquiring an additional 201 shares during the quarter. Bridge City Capital LLC owned 0.06% of Synaptics worth $1,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SYNA. Louisiana State Employees Retirement System grew its position in 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 purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Synaptics by 2.1% during the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker’s stock valued at $728,000 after buying an additional 200 shares during the period. Arizona State Retirement System grew its holdings in shares of Synaptics by 1.8% during the 4th quarter. Arizona State Retirement System now owns 11,573 shares of the software maker’s stock valued at $883,000 after acquiring an additional 200 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Synaptics by 2.7% in the fourth quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker’s stock worth $624,000 after acquiring an additional 212 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Synaptics by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker’s stock worth $7,025,000 after acquiring an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SYNA. Susquehanna upped their target price 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 $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.88.

Synaptics Price Performance

Shares of Synaptics stock opened at $64.10 on Friday. Synaptics Incorporated has a 1-year low of $60.75 and a 1-year high of $99.99. The firm has a fifty day simple moving average of $72.74 and a 200-day simple moving average of $74.74. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 15.15 and a beta of 1.56.

Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.