Lisa Bodensteiner Sells 6,056 Shares of Synaptics (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 6,056 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $103.62, for a total transaction of $627,522.72. Following the sale, the insider directly owned 78,634 shares in the company, valued at $8,148,055.08. The trade was a 7.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lisa Bodensteiner also recently made the following trade(s):

• On Thursday, June 18th, Lisa Bodensteiner sold 334 shares of Synaptics stock. The stock was sold at an average price of $138.28, for a total value of $46,185.52.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $98.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 1.12. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The stock has a market cap of $3.83 billion, a PE ratio of -7.75 and a beta of 1.99. The stock has a fifty day moving average of $118.22 and a 200-day moving average of $103.41.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. Equities research analysts anticipate that Synaptics Incorporated will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Synaptics

Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Synaptics by 0.5% in the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Synaptics by 9.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock worth $113,712,000 after acquiring an additional 137,926 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Synaptics in the second quarter worth $153,998,000. The Manufacturers Life Insurance Company bought a new position in Synaptics in the second quarter valued at $133,656,000. Finally, Geode Capital Management LLC increased its stake in Synaptics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after acquiring an additional 17,088 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SYNA. Deutsche Bank Aktiengesellschaft cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Monday, June 29th. Wells Fargo & Company cut their price target on shares of Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 7th. TD Cowen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Mizuho upped their price target on shares of Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Craig Hallum set a $105.00 price objective on Synaptics in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $123.91.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.