XTX Topco Ltd Acquires New Position in Synaptics Incorporated (NASDAQ:SYNA)

XTX Topco Ltd bought a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,924 shares of the software maker’s stock, valued at approximately $227,000.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Synaptics by 261.8% during the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after purchasing an additional 267 shares during the last quarter. Quarry LP acquired a new stake in Synaptics in the third quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Synaptics during the second quarter worth $67,000. Innealta Capital LLC acquired a new position in shares of Synaptics during the second quarter worth $83,000. Finally, CWM LLC lifted its stake in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analysts Set New Price Targets

SYNA has been the subject of a number of recent research reports. Rosenblatt Securities lowered their target price on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 8th. Susquehanna lowered their price objective on Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 21st. TD Cowen lifted their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. KeyCorp cut shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC cut their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.33.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the sale, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Synaptics Price Performance

SYNA stock opened at $74.78 on Friday. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 18.93 and a beta of 1.45. The company’s fifty day simple moving average is $75.74 and its 200 day simple moving average is $79.98. Synaptics Incorporated has a 12-month low of $67.83 and a 12-month high of $121.37.

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.