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

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 147 shares of Synaptics stock in a transaction on Friday, September 25th. The stock was sold at an average price of $100.00, for a total value of $14,700.00. Following the sale, the insider owned 14,335 shares of the company’s stock, valued at approximately $1,433,500. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $5,835.69.
• On Tuesday, August 18th, Esther Song sold 437 shares of Synaptics stock. The shares were sold at an average price of $103.68, for a total transaction of $45,308.16.

Synaptics Trading Down 2.0%

SYNA stock traded down $2.02 during mid-day trading on Monday, reaching $100.70. The company had a trading volume of 259,178 shares, compared to its average volume of 854,659. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The company has a market capitalization of $4.00 billion, a PE ratio of -7.99 and a beta of 1.94. The firm has a 50 day moving average of $102.03 and a 200 day moving average of $105.71. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Monday, June 29th. Barclays restated an “equal weight” rating and issued a $135.00 price target (up from $110.00) on shares of Synaptics in a report on Friday, June 26th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. TD Cowen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.91.

Hedge Funds Weigh In On Synaptics

Several hedge funds have recently modified their holdings of SYNA. State of Michigan Retirement System increased its position in Synaptics by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock worth $654,000 after purchasing an additional 100 shares during the last quarter. ABS Investment Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter worth approximately $310,575,000. CoreCap Advisors LLC purchased a new stake in shares of Synaptics during the 2nd quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in Synaptics in the second quarter valued at approximately $33,000. Finally, CWC Advisors LLC. grew its position in Synaptics by 8.8% in the first quarter. CWC Advisors LLC. now owns 5,079 shares of the software maker’s stock worth $356,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.