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.
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.
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