Insider Selling: Scott Deutsch Unloads 16,305 Shares of Synaptics, Stock (SYNA)
Synaptics, (NASDAQ:SYNA) SVP Scott Deutsch sold 16,305 shares of Synaptics, stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $74.05, for a total value of $1,207,385.25. Following the sale, the senior vice president now directly owns 12,029 shares in the company, valued at approximately $890,747. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Synaptics, (NASDAQ:SYNA) traded up 28.95% on Wednesday, hitting $85.78. The stock had a trading volume of 9,562,506 shares. Synaptics, has a 52 week low of $34.98 and a 52 week high of $86.70. The stock has a 50-day moving average of $63.12 and a 200-day moving average of $58.76. The company has a market cap of $3.090 billion and a price-to-earnings ratio of 41.92.
Synaptics, (NASDAQ:SYNA) last announced its earnings results 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 $4.05 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SYNA shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Synaptics, in a research note on Wednesday. They now have a $86.00 price target on the stock, up previously from $80.00. Separately, analysts at Zacks upgraded shares of Synaptics, from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $69.20 price target on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of Synaptics, to $96.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $79.16.
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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