Synaptics Incorporated (SYNA) Insider Sells $80,000.00 in Stock
Synaptics Incorporated (NASDAQ:SYNA) insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Synaptics Incorporated (NASDAQ SYNA) traded down $0.13 during mid-day trading on Wednesday, reaching $39.97. The company had a trading volume of 757,395 shares, compared to its average volume of 893,239. Synaptics Incorporated has a 12-month low of $33.73 and a 12-month high of $64.54. The firm has a market cap of $1,350.00, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.46. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $398.68 million. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 8.1% on a year-over-year basis. equities research analysts forecast that Synaptics Incorporated will post 2.8 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in Synaptics by 49.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 87,378 shares of the software maker’s stock valued at $3,423,000 after purchasing an additional 29,010 shares in the last quarter. Jane Street Group LLC increased its holdings in Synaptics by 100.4% during the 3rd quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock valued at $356,000 after purchasing an additional 4,547 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Synaptics by 305.3% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 48,321 shares of the software maker’s stock valued at $1,893,000 after purchasing an additional 36,400 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Synaptics by 186.4% during the 3rd quarter. Engineers Gate Manager LP now owns 88,192 shares of the software maker’s stock valued at $3,455,000 after purchasing an additional 57,402 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Synaptics by 35.8% during the 3rd quarter. Stifel Financial Corp now owns 44,666 shares of the software maker’s stock valued at $1,762,000 after purchasing an additional 11,776 shares in the last quarter. 97.74% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on SYNA. KeyCorp reiterated a “hold” rating on shares of Synaptics in a research report on Sunday. BMO Capital Markets reduced their price objective on Synaptics from $56.00 to $46.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. BidaskClub downgraded Synaptics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. reduced their price objective on Synaptics from $45.00 to $35.00 and set an “underperform” rating for the company in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Synaptics presently has a consensus rating of “Hold” and an average target price of $48.03.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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