Synaptics (NASDAQ:SYNA) Insider Sells $45,308.16 in Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 437 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $103.68, for a total transaction of $45,308.16. Following the completion of the transaction, the insider directly owned 14,683 shares in the company, valued at $1,522,333.44. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.

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

• On Thursday, June 18th, Esther Song sold 126 shares of Synaptics stock. The stock was sold at an average price of $138.28, for a total value of $17,423.28.
• On Thursday, May 28th, Esther Song sold 8,833 shares of Synaptics stock. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61.

Synaptics Price Performance

Shares of Synaptics stock opened at $97.66 on Friday. 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 business has a 50 day simple moving average of $117.40 and a two-hundred day simple moving average of $103.37. The stock has a market capitalization of $3.82 billion, a P/E ratio of -7.72 and a beta of 1.99. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $305.32 million. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts predict that Synaptics Incorporated will post 1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in 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. Barclays reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $110.00) on shares of Synaptics in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wells Fargo & Company decreased their target price 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. Finally, Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $123.91.

Hedge Funds Weigh In On Synaptics

Institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System grew its stake in shares of Synaptics by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock valued at $654,000 after buying an additional 100 shares during the period. LPL Financial LLC raised its position in shares of Synaptics by 3.9% during the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after buying an additional 121 shares during the period. ABS Investment Management LLC purchased a new stake in shares of Synaptics during the 2nd quarter valued at approximately $310,575,000. Northwestern Mutual Investment Management Company LLC lifted its holdings in Synaptics by 1.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after acquiring an additional 132 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Synaptics by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock valued at $315,000 after acquiring an additional 163 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.