Insider Selling: Synaptics, Director Unloads 15,000 Shares of Stock (SYNA)
Synaptics, (NASDAQ:SYNA) Director Richard L. Sanquini sold 15,000 shares of Synaptics, stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $82.94, for a total value of $1,244,100.00. Following the completion of the transaction, the director now directly owns 9,047 shares in the company, valued at approximately $750,358. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Synaptics, (NASDAQ:SYNA) remained flat at $81.03 during trading on Friday. 593,392 shares of the company’s stock traded hands. 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 price-to-earnings ratio of 64.31.
Synaptics, (NASDAQ:SYNA) last released its earnings data on Thursday, July 31st. The company reported $1.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.39 earnings per share. Synaptics,’s revenue was up 36.8% compared to the same quarter last year. Analysts expect that Synaptics, will post $4.87 EPS for the current fiscal year.
A number of analysts have recently weighed in on SYNA shares. 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 assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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