Insider Selling: Synaptics, Incorporated (NASDAQ:SYNA) Insider Sells $436,405.76 in Stock

Synaptics, Incorporated (NASDAQ:SYNA) insider Kermit Nolan sold 5,488 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $79.52, for a total transaction of $436,405.76. Following the transaction, the insider now directly owns 55,737 shares of the company’s stock, valued at approximately $4,432,206.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of SYNA stock opened at $78.19 on Friday. Synaptics, Incorporated has a 12-month low of $28.80 and a 12-month high of $84.75. The company has a current ratio of 3.48, a quick ratio of 3.08 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $64.88 and its 200 day moving average is $65.43. The stock has a market capitalization of $2.66 billion, a P/E ratio of -153.31, a P/E/G ratio of 2.53 and a beta of 1.02.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 7th. The software maker reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.08. Synaptics had a negative net margin of 1.29% and a positive return on equity of 18.63%. The company had revenue of $328.10 million for the quarter, compared to analysts’ expectations of $336.10 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that Synaptics, Incorporated will post 4.56 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Susquehanna Bancshares raised shares of Synaptics from a “neutral” rating to a “positive” rating and raised their target price for the company from $68.00 to $100.00 in a research note on Tuesday, July 21st. Zacks Investment Research raised shares of Synaptics from a “hold” rating to a “strong-buy” rating and set a $69.00 target price for the company in a research note on Thursday, July 2nd. ValuEngine upgraded shares of Synaptics from a “strong sell” rating to a “sell” rating in a report on Friday. Mizuho reiterated a “buy” rating and set a $77.00 price target on shares of Synaptics in a report on Tuesday, June 9th. Finally, BidaskClub upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Synaptics presently has an average rating of “Buy” and an average target price of $74.70.

A number of hedge funds have recently modified their holdings of SYNA. Victory Capital Management Inc. boosted its holdings in Synaptics by 62.6% in the fourth quarter. Victory Capital Management Inc. now owns 8,992 shares of the software maker’s stock worth $591,000 after purchasing an additional 3,463 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Synaptics by 2.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,744 shares of the software maker’s stock worth $575,000 after acquiring an additional 199 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Synaptics by 27.1% during the 4th quarter. Guggenheim Capital LLC now owns 14,494 shares of the software maker’s stock worth $953,000 after acquiring an additional 3,093 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Synaptics during the 4th quarter worth $32,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Synaptics by 4.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 30,838 shares of the software maker’s stock worth $2,028,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

About Synaptics

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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