Synaptics, Incorporated (NASDAQ:SYNA) SVP John Mcfarland sold 2,829 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $95,507.04. Following the completion of the transaction, the senior vice president now directly owns 21,871 shares of the company’s stock, valued at approximately $738,364.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
SYNA stock opened at $30.24 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 15.27 and a beta of 0.86. The company has a current ratio of 3.19, a quick ratio of 2.56 and a debt-to-equity ratio of 0.64. Synaptics, Incorporated has a one year low of $29.66 and a one year high of $55.25.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, May 9th. The software maker reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.52. The company had revenue of $334.00 million for the quarter, compared to analyst estimates of $345.30 million. Synaptics had a net margin of 1.39% and a return on equity of 15.21%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Research analysts predict that Synaptics, Incorporated will post 2.33 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Synaptics by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 897,502 shares of the software maker’s stock worth $35,675,000 after acquiring an additional 54,409 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Synaptics by 24.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 395,778 shares of the software maker’s stock valued at $15,733,000 after buying an additional 76,796 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Synaptics by 23.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,920 shares of the software maker’s stock valued at $17,089,000 after purchasing an additional 81,580 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in Synaptics in the 1st quarter valued at $224,000. Finally, Kennedy Capital Management Inc. purchased a new stake in Synaptics in the 1st quarter valued at $2,981,000. Institutional investors own 98.56% of the company’s stock.
A number of research firms have issued reports on SYNA. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target (down previously from $45.00) on shares of Synaptics in a report on Friday, May 10th. Mizuho reduced their target price on shares of Synaptics from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Craig Hallum reissued a “buy” rating and set a $47.00 target price (down previously from $48.00) on shares of Synaptics in a report on Monday, April 8th. BidaskClub cut shares of Synaptics from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets reduced their target price on shares of Synaptics to $29.00 and set a “market perform” rating for the company in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.40.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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