Insider Selling: Synaptics, Director Sells 15,000 Shares of Stock (SYNA)
Synaptics, (NASDAQ:SYNA) Director Russell J. Knittel unloaded 15,000 shares of Synaptics, stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $68.97, for a total value of $1,034,550.00. Following the transaction, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $86,213. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on SYNA shares. Analysts at Feltl & Co. upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Separately, analysts at Needham & Company LLC upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. They now have a $100.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Synaptics, in a research note on Thursday, May 15th. They now have a $77.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $75.03.
Shares of Synaptics, (NASDAQ:SYNA) traded down 0.49% on Monday, hitting $67.41. 970,856 shares of the company’s stock traded hands. Synaptics, has a one year low of $34.98 and a one year high of $69.31. The stock’s 50-day moving average is $62.44 and its 200-day moving average is $58.44. The company has a market cap of $2.428 billion and a price-to-earnings ratio of 42.68.
Synaptics, (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.06. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $192.03 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts predict that Synaptics, will post $4.03 earnings per share 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.
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