Insider Selling: Synaptics, Director Sells 10,500 Shares of Stock (SYNA)
Synaptics, (NASDAQ:SYNA) Director Keith Geeslin sold 10,500 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $82.13, for a total transaction of $862,365.00. Following the completion of the sale, the director now directly owns 15,436 shares of the company’s stock, valued at approximately $1,267,759. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Synaptics, (NASDAQ:SYNA) remained flat at $81.03 during trading on Friday. The stock had a trading volume of 593,392 shares. Synaptics, has a 1-year low of $37.87 and a 1-year high of $93.27. The stock’s 50-day moving average is $84. and its 200-day moving average is $68.38. The company has a market cap of $2.987 billion and a P/E ratio of 64.31.
Synaptics, (NASDAQ:SYNA) last announced its earnings results on Thursday, July 31st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter 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.
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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Synaptics, in a research note on Tuesday, July 29th. They now have a $100.00 price target on the stock, up previously from $98.00. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $84.60.
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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