Headlands Technologies LLC Has $526,000 Position in Synaptics Incorporated (NASDAQ:SYNA)

Headlands Technologies LLC raised its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 851.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,892 shares of the software maker’s stock after purchasing an additional 6,168 shares during the quarter. Headlands Technologies LLC’s holdings in Synaptics were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYNA. Quarry LP acquired a new stake in shares of Synaptics during the 3rd quarter worth about $31,000. Brown Brothers Harriman & Co. acquired a new stake in Synaptics during the fourth quarter worth approximately $31,000. KBC Group NV boosted its holdings in shares of Synaptics by 87.4% during the fourth 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. XTX Topco Ltd acquired a new position in shares of Synaptics in the third quarter valued at approximately $227,000. Finally, Cibc World Markets Corp bought a new position in shares of Synaptics during the fourth quarter worth approximately $283,000. 99.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Synaptics

In related news, insider Ken Rizvi acquired 3,600 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Synaptics Stock Down 18.3 %

NASDAQ SYNA opened at $52.04 on Friday. The business has a fifty day moving average price of $69.37 and a two-hundred day moving average price of $74.11. The stock has a market capitalization of $2.04 billion, a PE ratio of 12.30 and a beta of 1.60. Synaptics Incorporated has a fifty-two week low of $51.96 and a fifty-two week 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.

About Synaptics

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.