Wajid Ali Sells 2,918 Shares of Synaptics Incorporated (SYNA) Stock
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.
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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