Retirement Systems of Alabama Acquires 727 Shares of Synaptics Incorporated (NASDAQ:SYNA)

Retirement Systems of Alabama grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 61,208 shares of the software maker’s stock after purchasing an additional 727 shares during the period. Retirement Systems of Alabama’s holdings in Synaptics were worth $4,671,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its stake in Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after buying an additional 53,252 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Synaptics by 111.7% during the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock worth $6,189,000 after buying an additional 42,101 shares during the last quarter. Victory Capital Management Inc. raised its stake in Synaptics by 5.8% during the third quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock worth $44,804,000 after buying an additional 31,565 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Synaptics by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock worth $34,747,000 after buying an additional 17,119 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in Synaptics by 51.2% during the third quarter. Holocene Advisors LP now owns 47,837 shares of the software maker’s stock worth $3,711,000 after buying an additional 16,193 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Insider Activity

In related news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the transaction, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Synaptics Stock Down 2.6 %

Shares of NASDAQ SYNA opened at $69.45 on Tuesday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 16.42 and a beta of 1.45. The company has a 50-day moving average price of $79.49 and a 200-day moving average price of $76.92. Synaptics Incorporated has a 1 year low of $67.83 and a 1 year high of $115.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. TD Cowen lifted their price target 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. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Synaptics in a research note on Tuesday, February 4th. Susquehanna lifted their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $92.00 price target on shares of Synaptics in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and an average target price of $95.25.

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.