Synaptics SVP Sells $236,500 in Stock (SYNA)
Synaptics (NASDAQ:SYNA) SVP Bretton Sewell sold 5,500 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.00, for a total value of $236,500.00. Following the transaction, the senior vice president now directly owns 12,817 shares of the company’s stock, valued at approximately $551,131. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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, September 17th. 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 equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.85.
Shares of Synaptics (NASDAQ:SYNA) traded up 0.84% on Tuesday, hitting $43.46. The stock had a trading volume of 1,032,775 shares. Synaptics has a one year low of $22.58 and a one year high of $45.40. The stock has a 50-day moving average of $40.82 and a 200-day moving average of $40.17. The company has a market cap of $1.454 billion and a price-to-earnings ratio of 14.91.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 1st. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 67.3% on a year-over-year basis. On average, analysts predict that Synaptics will post $3.89 earnings per share 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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