Insider Selling: Russell Knittel Sells 89,374 Shares of Synaptics Stock (SYNA)
Synaptics (NASDAQ:SYNA) Director Russell Knittel sold 89,374 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.97, for a total transaction of $4,108,522.78. Following the sale, the director now directly owns 12,096 shares of the company’s stock, valued at approximately $556,053. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Synaptics (NASDAQ:SYNA) traded up 4.38% during mid-day trading on Friday, hitting $47.66. 816,029 shares of the company’s stock traded hands. Synaptics has a one year low of $22.60 and a one year high of $47.89. The stock has a 50-day moving average of $41.7 and a 200-day moving average of $40.5. The company has a market cap of $1.594 billion and a P/E ratio of 15.80.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results 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.
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, September 20th. 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 given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.85.
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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