Synaptics CFO Sells $637,500 in Stock (SYNA)
Synaptics (NASDAQ:SYNA) CFO Kathleen Bayless unloaded 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $42.50, for a total transaction of $637,500.00. Following the completion of the sale, the chief financial officer now directly owns 11,640 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
SYNA has been the subject of a number of recent research reports. Analysts at Oppenheimer upgraded shares of Synaptics (NASDAQ:SYNA) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $55.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Synaptics (NASDAQ:SYNA) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $45.20 price target on the stock. Finally, analysts at Zacks upgraded shares of Synaptics (NASDAQ:SYNA) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They now have a $43.20 price target on the stock.
Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.85.
Synaptics (NASDAQ:SYNA) traded up 1.09% during mid-day trading on Friday, hitting $42.78. 1,518,092 shares of the company’s stock traded hands. Synaptics has a one year low of $22.58 and a one year high of $45.40. The stock’s 50-day moving average is $40. and its 200-day moving average is $40.0. The company has a market cap of $1.431 billion and a price-to-earnings ratio of 14.64.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.28 by $0.11. The company had revenue of $230.20 million for the quarter, compared to the consensus estimate of $228.69 million. During the same quarter last year, the company posted $0.54 earnings per share. Synaptics’s revenue was up 67.3% compared to the same quarter last year. Analysts expect that Synaptics will post $3.89 EPS for the current fiscal year.
Synaptics Incorporated is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment, and other electronic devices.
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