Traders Purchase High Volume of Put Options on Synaptics (NASDAQ:SYNA)
Synaptics, Incorporated (NASDAQ:SYNA) was the recipient of some unusual options trading activity on Thursday. Investors bought 3,176 put options on the company. This represents an increase of approximately 4,863% compared to the typical volume of 64 put options.
SYNA stock opened at $59.01 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $41.61 and a 200-day moving average of $34.40. Synaptics has a 12-month low of $26.34 and a 12-month high of $59.35. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 23.60 and a beta of 1.00.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, November 7th. The software maker reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.49. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. The business had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $314.44 million. During the same period last year, the company posted $1.24 EPS. The company’s revenue was down 18.6% on a year-over-year basis. Sell-side analysts forecast that Synaptics will post 1.08 earnings per share for the current fiscal year.
In other news, insider Shawn Tsai-Shyang Liu sold 800 shares of Synaptics stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $40.01, for a total transaction of $32,008.00. Following the completion of the sale, the insider now directly owns 26,355 shares in the company, valued at approximately $1,054,463.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Mcfarland sold 2,926 shares of Synaptics stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.00, for a total transaction of $119,966.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,326 shares of company stock valued at $415,474. 1.70% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of SYNA. TRUE Private Wealth Advisors purchased a new position in shares of Synaptics during the 2nd quarter worth approximately $56,000. US Bancorp DE increased its stake in shares of Synaptics by 80.1% during the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Synaptics by 188.6% during the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after purchasing an additional 2,284 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Synaptics during the 2nd quarter worth approximately $113,000. Finally, Neuburgh Advisers LLC increased its stake in shares of Synaptics by 34.4% during the 2nd quarter. Neuburgh Advisers LLC now owns 4,496 shares of the software maker’s stock worth $131,000 after purchasing an additional 1,152 shares in the last quarter. 98.58% of the stock is owned by institutional investors and hedge funds.
Synaptics Company Profile
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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