Insider Selling: Synaptics SVP Sells 14,250 Shares of Stock (SYNA)
Synaptics (NASDAQ:SYNA) SVP Bretton Sewell sold 14,250 shares of the stock on the open market in a transaction dated Friday, January 24th. The shares were sold at an average price of $59.66, for a total value of $850,155.00. Following the transaction, the senior vice president now directly owns 14,069 shares of the company’s stock, valued at approximately $839,357. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SYNA. Analysts at Oppenheimer downgraded shares of Synaptics from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They noted that the move was a valuation call. Separately, analysts at Feltl & Co. upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at Dougherty & Co raised their price target on shares of Synaptics to $80.00 in a research note to investors on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Synaptics currently has a consensus rating of “Buy” and an average target price of $63.71.
Synaptics (NASDAQ:SYNA) traded down 1.01% during mid-day trading on Tuesday, hitting $59.61. The stock had a trading volume of 1,675,516 shares. Synaptics has a 1-year low of $33.56 and a 1-year high of $63.76. The stock has a 50-day moving average of $53.15 and a 200-day moving average of $46.68. The company has a market cap of $2.085 billion and a P/E ratio of 15.80.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Wednesday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.03. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $201.51 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 43.9% on a year-over-year basis. Analysts expect that Synaptics will post $3.71 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.