Synaptics (NASDAQ:SYNA) Insider Lisa Bodensteiner Sells 334 Shares

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 334 shares of the business’s 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 completion of the sale, the insider owned 77,518 shares of the company’s stock, valued at approximately $7,180,492.34. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $103.62, for a total value of $627,522.72.

Synaptics Price Performance

Synaptics stock opened at $93.11 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of -7.36 and a beta of 1.94. 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 stock’s fifty day moving average price is $104.08 and its two-hundred day moving average price is $104.73. Synaptics Incorporated has a one year low of $58.28 and a one year high of $149.11.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Susquehanna cut their price target on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Rosenblatt Securities reduced their price target on shares of Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Needham & Company LLC cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $123.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Michigan Retirement System raised its stake 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 acquiring an additional 100 shares in the last quarter. ABS Investment Management LLC acquired a new stake in Synaptics in the second quarter valued at approximately $310,575,000. CoreCap Advisors LLC bought a new stake in shares of Synaptics during the second quarter worth $25,000. Allworth Financial LP bought a new stake in shares of Synaptics during the second quarter worth $33,000. Finally, CWC Advisors LLC. grew its stake in shares of Synaptics by 8.8% during the first quarter. CWC Advisors LLC. now owns 5,079 shares of the software maker’s stock worth $356,000 after buying an additional 409 shares during the last quarter. Institutional investors 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.