Glenview Trust co Grows Position in Synaptics Incorporated (NASDAQ:SYNA)

Glenview Trust co grew its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,680 shares of the software maker’s stock after acquiring an additional 4,680 shares during the quarter. Glenview Trust co’s holdings in Synaptics were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. TimesSquare Capital Management LLC grew its position in Synaptics by 46.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock worth $40,170,000 after purchasing an additional 165,866 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Synaptics by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker’s stock worth $35,991,000 after acquiring an additional 23,702 shares during the period. Peregrine Capital Management LLC boosted its position in Synaptics by 210.0% in the fourth quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker’s stock worth $15,633,000 after purchasing an additional 138,748 shares during the last quarter. Rhumbline Advisers grew its stake in Synaptics by 2.1% in the 4th quarter. Rhumbline Advisers now owns 134,478 shares of the software maker’s stock valued at $10,263,000 after purchasing an additional 2,752 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Synaptics by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker’s stock valued at $7,025,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Price Performance

NASDAQ:SYNA opened at $62.82 on Monday. Synaptics Incorporated has a 52-week low of $60.75 and a 52-week high of $102.99. The stock has a fifty day moving average of $74.16 and a 200 day moving average of $75.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.85 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Susquehanna raised their target price on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.88.

Insider Activity

In related news, insider Ken Rizvi bought 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Synaptics 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.