UBS Group AG raised its position in Synaptics Incorporated (NASDAQ:SYNA – Get Rating) by 37.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,039 shares of the software maker’s stock after acquiring an additional 28,853 shares during the period. UBS Group AG owned approximately 0.27% of Synaptics worth $9,996,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in Synaptics by 1.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the software maker’s stock valued at $1,018,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Synaptics by 24.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,844 shares of the software maker’s stock valued at $2,393,000 after buying an additional 5,042 shares during the last quarter. Comerica Bank raised its stake in Synaptics by 56.8% in the fourth quarter. Comerica Bank now owns 117,114 shares of the software maker’s stock valued at $13,276,000 after buying an additional 42,425 shares during the last quarter. Trigran Investments Inc. raised its stake in Synaptics by 38.9% in the third quarter. Trigran Investments Inc. now owns 688,202 shares of the software maker’s stock valued at $68,139,000 after buying an additional 192,778 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Synaptics in the third quarter valued at about $957,000. 90.40% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Synaptics news, insider Saleel Awsare sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $115.28, for a total transaction of $576,400.00. Following the transaction, the insider now owns 33,755 shares in the company, valued at $3,891,276.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Synaptics Stock Down 1.7 %
Synaptics stock opened at $81.69 on Wednesday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 18.40 and a beta of 1.55. Synaptics Incorporated has a 52 week low of $67.73 and a 52 week high of $154.68. The business’s 50-day moving average price is $94.27 and its 200 day moving average price is $103.85. The company has a quick ratio of 4.41, a current ratio of 4.96 and a debt-to-equity ratio of 0.74.
Synaptics declared that its board has authorized a stock repurchase plan on Wednesday, May 3rd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 14.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
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.
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