Insider Selling: Scott Deutsch Sells 1,600 Shares of Synaptics, Stock (SYNA)
Synaptics, (NASDAQ:SYNA) SVP Scott Deutsch unloaded 1,600 shares of Synaptics, stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $77.69, for a total transaction of $124,304.00. Following the completion of the sale, the senior vice president now directly owns 10,362 shares in the company, valued at approximately $805,024. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Synaptics, (NASDAQ:SYNA) traded up 4.24% during mid-day trading on Wednesday, hitting $82.88. 1,287,104 shares of the company’s stock traded hands. Synaptics, has a 52-week low of $37.87 and a 52-week high of $93.27. The stock’s 50-day moving average is $85.05 and its 200-day moving average is $68.19. The company has a market cap of $3.055 billion and a price-to-earnings ratio of 63.10.
Synaptics, (NASDAQ:SYNA) last released its earnings data on Thursday, July 31st. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.04. The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $305.07 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 36.8% on a year-over-year basis. Analysts expect that Synaptics, will post $4.87 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Craig Hallum raised their price target on shares of Synaptics, to $96.00 in a research note on Friday, August 1st. Separately, analysts at Needham & Company LLC downgraded shares of Synaptics, from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $110.00 price target on the stock, up previously from $100.00. Finally, analysts at Needham & Company LLC downgraded shares of Synaptics, from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $85.43.
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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