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.

Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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.

About Synaptics

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.

5 Day Chart for NASDAQ:SYNA

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