Insider Selling: Synaptics (NASDAQ:SYNA) Insider Sells $627,522.72 in Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 6,056 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 approximately $8,148,055.08. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $138.28, for a total value of $46,185.52.

Synaptics Price Performance

SYNA stock opened at $97.66 on Friday. Synaptics Incorporated has a 1 year low of $58.28 and a 1 year high of $149.11. The business’s 50-day moving average is $117.40 and its two-hundred day moving average is $103.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The firm has a market capitalization of $3.82 billion, a P/E ratio of -7.72 and a beta of 1.99.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on SYNA shares. Wells Fargo & Company lowered their price objective on Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Rosenblatt Securities cut their target price on Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Monday, June 29th. Finally, Weiss Ratings lowered shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Hold” and an average price target of $123.91.

Hedge Funds Weigh In On Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new position in shares of Synaptics in the second quarter valued at approximately $25,000. CIBC Private Wealth Group LLC increased its holdings in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Allworth Financial LP purchased a new position in Synaptics in the second quarter valued at about $33,000. Leonteq Securities AG purchased a new position in Synaptics in the 4th quarter valued at approximately $43,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Synaptics during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

About Synaptics

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.