Synaptics SVP Unloads $155,940 in Stock (SYNA)
Synaptics (NASDAQ:SYNA) SVP Bretton Sewell unloaded 3,000 shares of Synaptics stock on the open market in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $51.98, for a total transaction of $155,940.00. Following the sale, the senior vice president now directly owns 14,069 shares of the company’s stock, valued at approximately $731,307. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Synaptics (NASDAQ:SYNA) traded down 2.86% during mid-day trading on Thursday, hitting $50.33. 747,465 shares of the company’s stock traded hands. Synaptics has a one year low of $29.29 and a one year high of $56.50. The stock’s 50-day moving average is $49.56 and its 200-day moving average is $44.40. The company has a market cap of $1.665 billion and a price-to-earnings ratio of 13.98.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.08. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $219.18 million. During the same quarter last year, the company posted $0.37 earnings per share. Synaptics’s revenue was up 75.3% compared to the same quarter last year. On average, analysts predict that Synaptics will post $3.70 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SYNA shares. Analysts at Cross Research initiated coverage on shares of Synaptics in a research note to investors on Monday, December 9th. They set a “buy” rating on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Synaptics from $42.00 to $48.00 in a research note to investors on Thursday, December 5th. They now have a “hold” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Synaptics in a research note to investors on Tuesday, November 12th. They now have a $65.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $51.94.
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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