Synaptics Director Francis Lee Sells 28,475 Shares (SYNA)
Synaptics (NASDAQ:SYNA) Director Francis Lee sold 28,475 shares of Synaptics stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $50.53, for a total transaction of $1,438,841.75. Following the completion of the transaction, the director now directly owns 2,506 shares of the company’s stock, valued at approximately $126,628. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Synaptics (NASDAQ:SYNA) traded down 3.68% during mid-day trading on Monday, hitting $48.65. The stock had a trading volume of 1,128,825 shares. Synaptics has a 52-week low of $29.29 and a 52-week high of $56.50. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $44.54. The company has a market cap of $1.610 billion and a P/E ratio of 13.63.
Synaptics (NASDAQ:SYNA) last announced its earnings results 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 analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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