Synaptics Incorporated (NASDAQ:SYNA) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,779 shares of the software maker’s stock after acquiring an additional 3,500 shares during the period. Thrivent Financial for Lutherans’ holdings in Synaptics were worth $975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SYNA. Quarry LP acquired a new position in shares of Synaptics in the 3rd quarter worth approximately $31,000. KBC Group NV lifted its stake in 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 purchasing an additional 837 shares during the last quarter. XTX Topco Ltd acquired a new position in Synaptics in the third quarter worth $227,000. Cibc World Markets Corp bought a new stake in Synaptics during the fourth quarter valued at $283,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Synaptics during the fourth quarter worth $371,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ken Rizvi acquired 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research reports. Mizuho dropped their price objective 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 upped their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Synaptics currently has an average rating of “Moderate Buy” and an average target price of $95.00.

Synaptics Price Performance

Shares of NASDAQ:SYNA opened at $63.17 on Wednesday. The company has a market cap of $2.48 billion, a P/E ratio of 14.93 and a beta of 1.55. The company’s fifty day moving average is $70.42 and its two-hundred day moving average is $74.34. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 12-month low of $60.75 and a 12-month high of $98.00.

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.