Wajid Ali Sells 517 Shares of Synaptics, Incorporated (SYNA) Stock

Synaptics, Incorporated (NASDAQ:SYNA) VP Wajid Ali sold 517 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.35, for a total value of $22,928.95. Following the completion of the transaction, the vice president now owns 26,162 shares of the company’s stock, valued at $1,160,284.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Synaptics, Incorporated (SYNA) traded up $0.20 during trading on Monday, reaching $44.25. The company had a trading volume of 802,940 shares, compared to its average volume of 1,040,000. The firm has a market capitalization of $1,490.00, a price-to-earnings ratio of -17.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. Synaptics, Incorporated has a 12-month low of $33.73 and a 12-month high of $64.54. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.85 and a current ratio of 2.36.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, topping the consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. Synaptics’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. sell-side analysts anticipate that Synaptics, Incorporated will post 2.8 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in Synaptics by 100.4% during the third quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock worth $356,000 after acquiring an additional 4,547 shares during the period. Advisory Services Network LLC grew its holdings in Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after acquiring an additional 75 shares during the period. Koch Industries Inc. acquired a new stake in Synaptics in the second quarter valued at approximately $551,000. Trexquant Investment LP acquired a new stake in Synaptics in the third quarter valued at approximately $804,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Synaptics by 13.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 220,146 shares of the software maker’s stock valued at $8,626,000 after purchasing an additional 25,594 shares during the period. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on SYNA. ValuEngine cut Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. BidaskClub upgraded Synaptics from a “strong sell” rating to a “sell” rating in a research note on Friday. KeyCorp upgraded Synaptics from a “sector weight” rating to an “overweight” rating in a research note on Friday, January 12th. Craig Hallum restated a “buy” rating and issued a $49.00 price objective (up from $43.00) on shares of Synaptics in a research note on Thursday. Finally, Oppenheimer restated a “sell” rating and issued a $35.00 price objective on shares of Synaptics in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.63.

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Synaptics Company Profile

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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