Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Lisa Bodensteiner sold 334 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $92.63, for a total value of $30,938.42. Following the transaction, the insider directly owned 77,518 shares of the company’s stock, valued at approximately $7,180,492.34. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Lisa Bodensteiner also recently made the following trade(s):
- On Tuesday, August 18th, Lisa Bodensteiner sold 6,056 shares of Synaptics stock. The shares were sold at an average price of $103.62, for a total value of $627,522.72.
Synaptics Price Performance
NASDAQ:SYNA traded up $1.99 during trading hours on Friday, reaching $93.11. The stock had a trading volume of 830,214 shares, compared to its average volume of 869,021. The stock has a market capitalization of $3.70 billion, a PE ratio of -7.36 and a beta of 1.94. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11. The company has a 50 day moving average price of $104.76 and a two-hundred day moving average price of $104.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 1.12.
Hedge Funds Weigh In On Synaptics
Large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new position in shares of Synaptics during the first quarter valued at approximately $784,000. Intech Investment Management LLC raised its holdings in shares of Synaptics by 186.4% in the fourth quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock worth $5,203,000 after buying an additional 45,746 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Synaptics during the 2nd quarter worth approximately $1,428,000. Geode Capital Management LLC lifted its stake in shares of Synaptics by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after acquiring an additional 17,088 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Synaptics by 21.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 333,602 shares of the software maker’s stock valued at $23,365,000 after acquiring an additional 58,509 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SYNA. Northland Securities cut shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company reduced their price objective on Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Susquehanna dropped their target price on Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Finally, Barclays reissued an “equal weight” rating and set a $135.00 target price (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.91.
Check Out Our Latest Analysis on SYNA
About Synaptics
Synaptics Incorporated (NASDAQ: SYNA) is a fabless semiconductor company that develops technologies for human-machine interaction, connectivity and edge computing. Its solutions are used in consumer electronics, automotive systems, enterprise equipment and other connected devices.
The company’s products include touchpads, touchscreens, fingerprint sensors, display and video interface technologies, and related human-interface solutions. Synaptics also develops wireless connectivity products, including technologies supporting Wi-Fi, Bluetooth and other connected-device applications, as well as semiconductor platforms designed to enable edge artificial intelligence and the Internet of Things.
Founded in 1986 and headquartered in Santa Clara, California, Synaptics serves customers and original equipment manufacturers globally.
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