Synaptics, Director Russell J. Knittel Unloads 76,620 Shares (SYNA)
Synaptics, (NASDAQ:SYNA) Director Russell J. Knittel sold 76,620 shares of Synaptics, stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $78.46, for a total transaction of $6,011,605.20. Following the transaction, the director now directly owns 1,250 shares in the company, valued at approximately $98,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Synaptics, from $86.00 to $98.00 in a research note on Friday. Separately, analysts at Imperial Capital raised their price target on shares of Synaptics, from $70.00 to $95.00 in a research note on Thursday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Synaptics, has an average rating of “Buy” and an average price target of $81.80.
Shares of Synaptics, (NASDAQ:SYNA) traded down 0.31% during mid-day trading on Friday, hitting $84.59. The stock had a trading volume of 1,043,860 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 $64.13 and a 200-day moving average of $59.14. The company has a market cap of $3.047 billion and a price-to-earnings ratio of 53.47.
Synaptics, (NASDAQ:SYNA) last released its earnings data on Thursday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. Analysts expect that Synaptics, will post $4.17 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.
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