Synaptics (NASDAQ:SYNA) Insider Sells $14,700.00 in Stock

Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Esther Song sold 147 shares of Synaptics stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $100.00, for a total transaction of $14,700.00. Following the sale, the insider directly owned 14,335 shares of the company’s stock, valued at $1,433,500. This represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Esther Song also recently made the following trade(s):

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• On Friday, September 18th, Esther Song sold 63 shares of Synaptics stock. The stock was sold at an average price of $92.63, for a total value of $5,835.69.
• On Tuesday, August 18th, Esther Song sold 437 shares of Synaptics stock. The stock was sold at an average price of $103.68, for a total value of $45,308.16.

Synaptics Trading Up 0.6%

Shares of NASDAQ SYNA opened at $101.39 on Thursday. Synaptics Incorporated has a twelve month low of $58.28 and a twelve month high of $149.11. The firm has a market cap of $4.02 billion, a PE ratio of -8.02 and a beta of 1.94. The business has a fifty day simple moving average of $101.01 and a two-hundred day simple moving average of $106.24. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. Analysts expect that Synaptics Incorporated will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synaptics

Several hedge funds and other institutional investors have recently modified their holdings of SYNA. Tidal Investments LLC acquired a new stake in Synaptics in the 2nd quarter worth approximately $711,000. Engineers Gate Manager LP increased its stake in Synaptics by 65.8% during the 2nd quarter. Engineers Gate Manager LP now owns 24,078 shares of the software maker’s stock valued at $2,991,000 after purchasing an additional 9,553 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of Synaptics in the second quarter worth $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Synaptics in the second quarter worth $593,000. Finally, Syon Capital LLC acquired a new stake in shares of Synaptics during the second quarter worth $231,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Northland Securities downgraded shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Zacks Research upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Wells Fargo & Company cut their price target on Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Synaptics presently has an average rating of “Hold” and a consensus target price of $123.91.

Check Out Our Latest Stock Analysis on SYNA

Synaptics Company Profile

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Synaptics Incorporated (NASDAQ: SYNA) is a fabless semiconductor company that develops technologies enabling people to interact with digital devices. Its products combine sensing, processing, connectivity and artificial intelligence capabilities for consumer electronics, automotive systems and Internet of Things applications.

The company’s portfolio includes touch and display controllers, touchpads, fingerprint sensors, audio and voice-processing solutions, wireless connectivity products, and video and vision processors.

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