Synaptics Incorporated (NASDAQ:SYNA) CFO Wajid Ali sold 2,918 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now directly owns 27,281 shares in the company, valued at $1,138,981.75. The transaction was disclosed in a filing with the SEC, which is available at this link.

Synaptics Incorporated (NASDAQ SYNA) traded down $1.02 during trading hours on Monday, hitting $40.27. The stock had a trading volume of 1,412,800 shares, compared to its average volume of 882,676. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The stock has a market cap of $1,310.00, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.17. Synaptics Incorporated has a 52-week low of $33.73 and a 52-week high of $64.54.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. Synaptics’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. research analysts anticipate that Synaptics Incorporated will post 2.8 earnings per share for the current year.

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SYNA has been the subject of a number of research reports. BidaskClub upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $45.00 target price (down from $48.00) on shares of Synaptics in a research note on Monday, July 17th. BMO Capital Markets reiterated a “hold” rating and set a $56.00 target price on shares of Synaptics in a research note on Thursday, July 20th. Cowen and Company set a $75.00 target price on shares of Synaptics and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $68.00 target price on shares of Synaptics in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.03.

A number of institutional investors have recently modified their holdings of SYNA. Tiedemann Wealth Management LLC boosted its holdings in Synaptics by 17.9% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock worth $103,000 after buying an additional 2,485 shares during the period. Highlander Capital Management LLC bought a new position in Synaptics in the 2nd quarter worth $104,000. Victory Capital Management Inc. bought a new position in Synaptics in the 3rd quarter worth $120,000. Riverhead Capital Management LLC boosted its holdings in Synaptics by 95.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after buying an additional 1,330 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in Synaptics by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares during the period. 97.74% of the stock is owned by institutional investors.

About Synaptics

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.

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

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