Synaptics, Incorporated (NASDAQ:SYNA) insider Rick Bergman sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $53.35, for a total value of $933,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Synaptics stock opened at $53.06 on Friday. The stock has a market capitalization of $1.82 billion, a PE ratio of 15.98, a PEG ratio of 2.34 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 2.09 and a debt-to-equity ratio of 0.64. Synaptics, Incorporated has a 12 month low of $33.73 and a 12 month high of $61.18.
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Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The company had revenue of $394.00 million for the quarter, compared to the consensus estimate of $401.97 million. Synaptics had a positive return on equity of 11.99% and a negative net margin of 6.28%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.27 EPS. equities analysts forecast that Synaptics, Incorporated will post 2.25 earnings per share for the current fiscal year.
SYNA has been the topic of a number of research analyst reports. Cowen set a $60.00 price target on Synaptics and gave the stock a “buy” rating in a research note on Tuesday, May 8th. ValuEngine raised Synaptics from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research lowered Synaptics from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Mizuho raised Synaptics from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $55.00 in a research note on Wednesday, April 11th. Finally, Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.42.
Several institutional investors have recently added to or reduced their stakes in SYNA. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Synaptics by 53.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock worth $197,000 after purchasing an additional 1,500 shares during the period. Amalgamated Bank purchased a new position in shares of Synaptics in the 4th quarter worth about $201,000. ING Groep NV purchased a new position in shares of Synaptics in the 4th quarter worth about $205,000. AMP Capital Investors Ltd purchased a new position in shares of Synaptics in the 4th quarter worth about $216,000. Finally, Mutual Advisors LLC purchased a new position in shares of Synaptics in the 1st quarter worth about $222,000.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.