Insider Selling: Synaptics Inc. (SYNA) SVP Sells 1,804 Shares of Stock
Synaptics Inc. (NASDAQ:SYNA) SVP John Mcfarland sold 1,804 shares of Synaptics stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $64.23, for a total value of $115,870.92. Following the sale, the senior vice president now directly owns 7,726 shares of the company’s stock, valued at approximately $496,240.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
John Mcfarland also recently made the following trade(s):
- On Thursday, September 8th, John Mcfarland sold 277 shares of Synaptics stock. The shares were sold at an average price of $60.00, for a total value of $16,620.00.
- On Tuesday, August 30th, John Mcfarland sold 2,778 shares of Synaptics stock. The shares were sold at an average price of $60.00, for a total value of $166,680.00.
Synaptics Inc. (NASDAQ:SYNA) opened at 66.30 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 34.71 and a beta of 1.76. Synaptics Inc. has a 12-month low of $47.09 and a 12-month high of $94.48. The stock has a 50 day moving average price of $58.12 and a 200 day moving average price of $62.61.
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Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The firm earned $323.90 million during the quarter, compared to analyst estimates of $318.48 million. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. Synaptics’s revenue was down 32.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. On average, analysts forecast that Synaptics Inc. will post $5.18 earnings per share for the current fiscal year.
SYNA has been the subject of several research analyst reports. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Synaptics in a research note on Wednesday, June 15th. Mizuho dropped their price objective on Synaptics from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, June 16th. Needham & Company LLC reissued a “buy” rating and set a $88.00 price objective on shares of Synaptics in a research note on Friday, June 17th. Cowen and Company reissued a “buy” rating on shares of Synaptics in a research note on Friday, June 17th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Synaptics in a research report on Thursday, June 16th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.33.
Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Synaptics during the fourth quarter valued at $33,908,000. Panagora Asset Management Inc. increased its position in shares of Synaptics by 40,244.0% in the first quarter. Panagora Asset Management Inc. now owns 322,752 shares of the company’s stock valued at $25,736,000 after buying an additional 321,952 shares in the last quarter. Coatue Management LLC purchased a new position in shares of Synaptics during the second quarter valued at $16,103,000. AQR Capital Management LLC increased its position in shares of Synaptics by 73.4% in the second quarter. AQR Capital Management LLC now owns 665,543 shares of the company’s stock valued at $35,773,000 after buying an additional 281,631 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Synaptics by 8.2% in the second quarter. Vanguard Group Inc. now owns 3,468,543 shares of the company’s stock valued at $186,435,000 after buying an additional 263,781 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.
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