Insider Selling: Synaptics, Director Sells 9,891 Shares of Stock (SYNA)
Synaptics, (NASDAQ:SYNA) Director Richard L. Sanquini unloaded 9,891 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $77.56, for a total transaction of $767,145.96. Following the transaction, the director now directly owns 9,047 shares in the company, valued at approximately $701,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SYNA has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.43.
Synaptics, (NASDAQ:SYNA) traded up 4.24% 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 has a 50-day moving average of $85.05 and a 200-day moving average of $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 announced its earnings results 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. On average, analysts predict that Synaptics, will post $4.87 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.
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.