UNITED STATES
SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1 )*
Synaptics Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
87157D 10 9
(CUSIP Number)
December 31, 2010
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
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[x]
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Rule 13d-1(b)
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[ ]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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(Page 1 of 7 Pages)
________________
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 87157D 10 9
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13G
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Page 2 of 7 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hussman Strategic Growth Fund, an investment portfolio of Hussman Investment Trust
52-2226627
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio U.S.A.
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NUMBER OF SHARES
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5
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SOLE VOTING POWER
0
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BENEFICIALLY OWNED BY
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6
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SHARED VOTING POWER
3,135,000
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EACH REPORTING
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7
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SOLE DISPOSITIVE POWER
0
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| PERSON WITH |
8
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SHARED DISPOSITIVE POWER
3,135,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,135,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.19%
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12
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TYPE OF REPORTING PERSON*
IV
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CUSIP No. 87157D 10 9
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13G
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Page 3 of 7 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hussman Econometrics Advisors, Inc. 38-3083913
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland U.S.A.
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NUMBER OF SHARES
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5
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SOLE VOTING POWER
0
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BENEFICIALLY OWNED BY
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6
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SHARED VOTING POWER
3,135,000
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EACH REPORTING
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7
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SOLE DISPOSITIVE POWER
0
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| PERSON WITH |
8
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SHARED DISPOSITIVE POWER
3,135,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,135,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.19%
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12
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TYPE OF REPORTING PERSON*
IA
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CUSIP No. 87157D 10 9
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13G
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Page 4 of 7 Pages
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Item 1(a).
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Name of Issuer:
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The name of the issuer is Synaptics Incorporated (the "Issuer").
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Item 1(b).
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Address of Issuer's Principal Executive Offices:
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3120 Scott Boulevard
Santa Clara, California 95054
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Item 2(a).
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Name of Person Filing:
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This statement is filed by:
(i) Hussman Strategic Growth Fund (the "Fund"), an investment portfolio of Hussman Investment Trust (the "Trust"), an open-end management investment company, with respect to the Common Stock directly owned by it; and
(ii) Hussman Econometrics Advisors, Inc. (the "Adviser"), a Maryland corporation, with respect to the Common Stock directly owned by the Fund.
The foregoing persons are hereinafter sometimes referred to collectively as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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The address of the business office of each of the Reporting Persons is c/o Ultimus Fund Solutions, LLC, 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246.
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Item 2(c).
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Citizenship:
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The Trust is an unincorporated business trust that was organized under Ohio law on June 1, 2000. The Adviser is a Maryland corporation.
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Item 2(d).
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Title of Class of Securities:
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Common Stock
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CUSIP No. 87157D 10 9
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13G
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Page 5 of 7 Pages
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Item 2(e).
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CUSIP Number:
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87157D 10 9
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Item 3.
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If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
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(a) [ ]
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Broker or dealer registered under Section 15 of the Act,
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(b) [ ]
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Bank as defined in Section 3(a)(6) of the Act,
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(c) [ ]
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Insurance Company as defined in Section 3(a)(19) of the Act,
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(d) [x]
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Investment Company registered under Section 8 of the Investment Company Act of 1940, [with respect to the Trust]
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(e) [x]
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Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), [with respect to the Adviser]
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(f) [ ]
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Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),
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(g) [ ]
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Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G),
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(h) [ ]
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Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
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(i) [ ]
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Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
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(j) [ ]
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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If this statement is filed pursuant to 13d-1(c), check this box: [ ]
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CUSIP No. 87157D 10 9
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13G
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Page 6 of 7 Pages
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Item 4.
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Ownership.
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A.
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Hussman Strategic Growth Fund
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(a)
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Amount beneficially owned: 3,135,000
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(b)
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Percent of class: 9.19% The percentages used herein and in the rest of Item 4 are calculated based upon the 34,112,690 shares of Common Stock issued and outstanding as of December 31, 2010.
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(c)
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(i)
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Sole power to vote or direct the vote: 0
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(ii)
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Shared power to vote or direct the vote: 3,135,000
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(iii)
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Sole power to dispose or direct the disposition: 0
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(iv)
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Shared power to dispose or direct the disposition: 3,135,000
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B.
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Hussman Econometrics Advisors, Inc.
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(a)
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Amount beneficially owned: 3,135,000
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(b)
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Percent of class: 9.19% The percentages used herein and in the rest of Item 4 are calculated based upon the 34,112,690 shares of Common Stock issued and outstanding as of December 31, 2010.
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(c)
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(i)
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Sole power to vote or direct the vote: 0
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(ii)
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Shared power to vote or direct the vote: 3,135,000
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(iii)
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Sole power to dispose or direct the disposition: 0
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(iv)
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Shared power to dispose or direct the disposition: 3,135,000
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The Fund has the power to dispose of and the power to vote the shares of Common Stock beneficially owned by it, which power may be exercised by its adviser, Hussman Econometrics Advisors, Inc. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, the Adviser each may be deemed to beneficially own the shares of Common Stock owned by the Fund.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not applicable.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Hussman Econometrics Advisors, Inc. has the power to direct the affairs of the Fund, including decisions respecting the disposition of the proceeds from the sale of the shares of Common Stock.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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Not applicable.
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CUSIP No. 87157D 10 9
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13G
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Page 7 of 7 Pages
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not applicable.
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Item 10.
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Certification.
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Each of the Reporting Persons hereby makes the following certification:
By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
DATED: March 2, 2011
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HUSSMAN INVESTMENT TRUST
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By:
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/s/ John P. Hussman
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Name: John P. Hussman
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Title: President
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HUSSMAN ECONOMETRICS ADVISORS, INC.
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By:
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/s/ John P. Hussman
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Name: John P. Hussman
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Title: President
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CUSIP No. 87157D 10 9
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13G
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EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
DATED: March 2, 2011
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HUSSMAN INVESTMENT TRUST
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By:
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/s/ John P. Hussman
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Name: John P. Hussman
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Title: President
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HUSSMAN ECONOMETRICS ADVISORS, INC.
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By:
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/s/ John P. Hussman
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Name: John P. Hussman
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Title: President
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This website contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for our most recent fiscal year, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this filing.