Synaptics Inc. (SYNA) Insider Rick Bergman Sells 10,000 Shares of Stock
Synaptics Inc. (NASDAQ:SYNA) insider Rick Bergman sold 10,000 shares of Synaptics stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $55.06, for a total value of $550,600.00. Following the completion of the transaction, the insider now directly owns 107,758 shares in the company, valued at $5,933,155.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Rick Bergman also recently made the following trade(s):
- On Thursday, September 8th, Rick Bergman sold 10,000 shares of Synaptics stock. The stock was sold at an average price of $58.29, for a total value of $582,900.00.
Shares of Synaptics Inc. (NASDAQ:SYNA) traded up 0.429% during mid-day trading on Thursday, reaching $55.035. The company’s stock had a trading volume of 166,169 shares. The firm’s 50-day moving average price is $60.33 and its 200 day moving average price is $58.60. The firm has a market cap of $1920.72 billion, a P/E ratio of 39.594 and a beta of 1.39. Synaptics Inc. has a 12-month low of $47.09 and a 12-month high of $91.68.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.03. The business earned $386.20 million during the quarter, compared to analyst estimates of $372.65 million. Synaptics had a return on equity of 15.27% and a net margin of 3.29%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. On average, analysts expect that Synaptics Inc. will post $4.89 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its stake in Synaptics by 63.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 13,076 shares of the company’s stock worth $765,000 after buying an additional 5,060 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Synaptics by 59.5% in the third quarter. Ameritas Investment Partners Inc. now owns 13,827 shares of the company’s stock worth $810,000 after buying an additional 5,160 shares in the last quarter. Hillcrest Asset Management LLC boosted its stake in shares of Synaptics by 1.3% in the third quarter. Hillcrest Asset Management LLC now owns 114,859 shares of the company’s stock worth $6,728,000 after buying an additional 1,519 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Synaptics during the third quarter worth approximately $273,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Synaptics by 115.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,400 shares of the company’s stock worth $1,254,000 after buying an additional 11,450 shares in the last quarter. 89.19% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on SYNA. Cowen and Company reissued an “outperform” rating and set a $75.00 target price on shares of Synaptics in a research note on Thursday, November 10th. Zacks Investment Research cut Synaptics from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 3rd. Needham & Company LLC cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Craig Hallum lowered Synaptics from a “buy” rating to a “hold” rating and dropped their price target for the company from $70.00 to $65.00 in a research report on Friday, October 28th. Finally, Mizuho upgraded Synaptics from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $74.00 in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Synaptics currently has an average rating of “Hold” and an average target price of $73.08.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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