Synaptics, Director Sells $2,490,540 in Stock (SYNA)
Synaptics, (NASDAQ:SYNA) Director James L. Whims unloaded 31,000 shares of Synaptics, stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $80.34, for a total transaction of $2,490,540.00. Following the transaction, the director now directly owns 16,750 shares in the company, valued at approximately $1,345,695. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on SYNA. Analysts at Zacks downgraded shares of Synaptics, from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $96.30 price target on the stock. Separately, analysts at Craig Hallum raised their price target on shares of Synaptics, to $96.00 in a research note on Friday, August 1st. 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, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.66.
Synaptics, (NASDAQ:SYNA) opened at 80.32 on Friday. Synaptics, has a one year low of $37.87 and a one year high of $93.27. The stock has a 50-day moving average of $81.96 and a 200-day moving average of $69.78. The company has a market cap of $2.961 billion and a P/E ratio of 63.90.
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. Analysts expect that Synaptics, will post $4.91 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.