Synaptics, Incorporated (NASDAQ:SYNA) Director Nelson C. Chan sold 6,000 shares of Synaptics stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.25, for a total transaction of $199,500.00. Following the transaction, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Synaptics stock traded down $0.97 during trading on Wednesday, reaching $33.06. The company’s stock had a trading volume of 480,313 shares, compared to its average volume of 665,048. The firm’s 50-day moving average price is $31.25. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 13.22 and a beta of 1.02. Synaptics, Incorporated has a 52 week low of $26.34 and a 52 week high of $48.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.56 and a current ratio of 3.19.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.47. The company had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $307.27 million. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.49%. Synaptics’s quarterly revenue was down 24.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. On average, equities analysts forecast that Synaptics, Incorporated will post 1.53 EPS for the current year.
A number of research firms have commented on SYNA. BidaskClub raised shares of Synaptics from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Mizuho reissued a “hold” rating and issued a $35.00 target price on shares of Synaptics in a research report on Sunday. Zacks Investment Research cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Synaptics in a research report on Sunday. Finally, Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $28.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.33.
A number of hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its stake in Synaptics by 1.4% in the second quarter. Arizona State Retirement System now owns 25,038 shares of the software maker’s stock valued at $730,000 after purchasing an additional 335 shares in the last quarter. Penserra Capital Management LLC raised its stake in Synaptics by 50.0% in the first quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock valued at $47,000 after purchasing an additional 395 shares in the last quarter. Rhumbline Advisers raised its stake in Synaptics by 0.4% in the first quarter. Rhumbline Advisers now owns 108,714 shares of the software maker’s stock valued at $4,321,000 after purchasing an additional 466 shares in the last quarter. Cardinal Capital Management raised its stake in Synaptics by 3.1% in the second quarter. Cardinal Capital Management now owns 20,681 shares of the software maker’s stock valued at $603,000 after purchasing an additional 621 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Synaptics by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,982 shares of the software maker’s stock valued at $334,000 after purchasing an additional 633 shares in the last quarter. 95.34% of the stock is owned by institutional investors and hedge funds.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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