Teachers Retirement System of The State of Kentucky Acquires Shares of 55,184 Synaptics Incorporated (NASDAQ:SYNA)

Teachers Retirement System of The State of Kentucky acquired a new stake in Synaptics Incorporated (NASDAQ:SYNA – Get Rating) during the 3rd quarter, HoldingsChannel reports. The firm acquired 55,184 shares of the software maker’s stock, valued at approximately $5,463,000.

Several other large investors have also recently added to or reduced their stakes in SYNA. Sigma Planning Corp grew its position in Synaptics by 3.9% in the third quarter. Sigma Planning Corp now owns 2,679 shares of the software maker’s stock worth $265,000 after acquiring an additional 100 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Synaptics by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock worth $446,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Synaptics by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after acquiring an additional 128 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Synaptics by 1.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,551 shares of the software maker’s stock worth $1,144,000 after acquiring an additional 129 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Synaptics by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 5,053 shares of the software maker’s stock worth $500,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

Insider Buying and Selling

In related news, insider Dean Warren Butler sold 1,350 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $119.36, for a total transaction of $161,136.00. Following the completion of the sale, the insider now owns 34,396 shares in the company, valued at approximately $4,105,506.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dean Warren Butler sold 1,350 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $119.36, for a total transaction of $161,136.00. Following the completion of the sale, the insider now owns 34,396 shares in the company, valued at approximately $4,105,506.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Saleel Awsare sold 5,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $115.28, for a total transaction of $576,400.00. Following the sale, the insider now owns 33,755 shares of the company’s stock, valued at approximately $3,891,276.40. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Synaptics Trading Down 1.9 %

Shares of SYNA stock opened at $105.85 on Friday. Synaptics Incorporated has a 52-week low of $81.13 and a 52-week high of $239.88. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 18.34 and a beta of 1.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.83 and a current ratio of 4.42. The firm has a fifty day moving average of $118.18 and a 200-day moving average of $105.94.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Craig Hallum upped their price objective on shares of Synaptics from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. StockNews.com assumed coverage on shares of Synaptics in a report on Thursday. They set a “hold” rating for the company. Cowen upped their price objective on shares of Synaptics from $100.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. BMO Capital Markets upped their price objective on shares of Synaptics from $90.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, February 3rd. Finally, KeyCorp upped their target price on shares of Synaptics from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

About Synaptics

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Synaptics, Inc engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.