Insider Selling: Scott Deutsch Unloads 1,273 Shares of Synaptics, Stock (SYNA)
Synaptics, (NASDAQ:SYNA) SVP Scott Deutsch sold 1,273 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $79.56, for a total value of $101,279.88. Following the completion of the sale, the senior vice president now directly owns 10,362 shares in the company, valued at approximately $824,401. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Synaptics, (NASDAQ:SYNA) traded up 4.42% during mid-day trading on Tuesday, hitting $85.73. 1,791,251 shares of the company’s stock traded hands. Synaptics, has a one year low of $37.87 and a one year high of $93.27. The stock’s 50-day moving average is $80.23 and its 200-day moving average is $71.22. The company has a market cap of $3.150 billion and a P/E ratio of 65.16.
Synaptics, (NASDAQ:SYNA) last released its earnings data 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 last year, the company posted $1.39 earnings per share. Synaptics,’s revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that Synaptics, will post $4.94 earnings per share for the current fiscal year.
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 issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $85.66.
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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