Synaptics Inc. (SYNA) SVP Scott Deutsch Sells 983 Shares
Synaptics Inc. (NASDAQ:SYNA) SVP Scott Deutsch sold 983 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $56.50, for a total transaction of $55,539.50. Following the completion of the transaction, the senior vice president now owns 15,341 shares of the company’s stock, valued at approximately $866,766.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Synaptics Inc. (NASDAQ:SYNA) opened at 55.16 on Wednesday. Synaptics Inc. has a 1-year low of $47.09 and a 1-year high of $91.68. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 39.32 and a beta of 1.39. The company’s 50-day moving average is $60.43 and its 200 day moving average is $58.63.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Synaptics had a net margin of 3.29% and a return on equity of 15.27%. The firm earned $386.20 million during the quarter, compared to analyst estimates of $372.65 million. During the same period in the prior year, the company earned $1.49 EPS. The business’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, equities analysts predict that Synaptics Inc. will post $4.89 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. Sandy Spring Bank increased its position in Synaptics by 5.4% in the second quarter. Sandy Spring Bank now owns 1,950 shares of the company’s stock valued at $105,000 after buying an additional 100 shares in the last quarter. Acrospire Investment Management LLC increased its position in Synaptics by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock valued at $108,000 after buying an additional 1,200 shares in the last quarter. LS Investment Advisors LLC increased its position in Synaptics by 70.4% in the second quarter. LS Investment Advisors LLC now owns 2,178 shares of the company’s stock valued at $117,000 after buying an additional 900 shares in the last quarter. Orinda Asset Management LLC purchased a new position in Synaptics during the third quarter valued at about $129,000. Finally, Kempen Capital Management N.V. purchased a new position in Synaptics during the second quarter valued at about $148,000. 89.19% of the stock is owned by institutional investors.
A number of equities research analysts recently issued reports on SYNA shares. Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $70.00 to $65.00 in a research report on Friday, October 28th. TheStreet cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Needham & Company LLC cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Zacks Investment Research cut shares of Synaptics from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 3rd. Finally, Cowen and Company reiterated an “outperform” rating and set a $75.00 target price on shares of Synaptics in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $73.08.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.
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