Synaptics CFO Sells $712,500 in Stock (SYNA)
Synaptics (NASDAQ:SYNA) CFO Kathleen Bayless sold 15,000 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $47.50, for a total transaction of $712,500.00. Following the transaction, the chief financial officer now directly owns 13,292 shares in the company, valued at approximately $631,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Synaptics (NASDAQ:SYNA) traded down 3.21% on Tuesday, hitting $45.58. 1,340,511 shares of the company’s stock traded hands. Synaptics has a 1-year low of $22.60 and a 1-year high of $47.89. The stock’s 50-day moving average is $42.05 and its 200-day moving average is $40.69. The company has a market cap of $1.525 billion and a P/E ratio of 16.29.
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 $3.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SYNA shares. Analysts at Oppenheimer upgraded shares of Synaptics 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 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 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 assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target 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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