Groupama Asset Managment Invests $38.16 Million in Synaptics Incorporated (NASDAQ:SYNA)

Groupama Asset Managment acquired a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 500,000 shares of the software maker’s stock, valued at approximately $38,160,000. Groupama Asset Managment owned 1.25% of Synaptics as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Synaptics by 4.0% in the 3rd 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 during the period. BNP Paribas Financial Markets grew its holdings in shares of 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 in the last quarter. Verition Fund Management LLC raised its position in Synaptics by 108.3% in the 3rd quarter. Verition Fund Management LLC now owns 5,635 shares of the software maker’s stock valued at $437,000 after buying an additional 2,930 shares during the last quarter. PDT Partners LLC bought a new stake in Synaptics in the 3rd quarter valued at approximately $592,000. Finally, Holocene Advisors LP lifted its stake in Synaptics by 51.2% in the 3rd quarter. Holocene Advisors LP now owns 47,837 shares of the software maker’s stock valued at $3,711,000 after acquiring an additional 16,193 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Trading Up 1.0 %

Shares of NASDAQ:SYNA opened at $63.72 on Tuesday. The company has a 50-day simple moving average of $70.87 and a 200 day simple moving average of $74.42. The company has a market capitalization of $2.50 billion, a P/E ratio of 15.06 and a beta of 1.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics Incorporated has a 52-week low of $60.75 and a 52-week high of $99.57.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Mizuho lowered their price target on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Susquehanna boosted their price target 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. Rosenblatt Securities restated a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Synaptics in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Activity

In related news, insider Ken Rizvi acquired 3,600 shares of Synaptics stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, with a total value 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 trade represents a 14.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

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.