Esther Song Sells 437 Shares of Synaptics (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 437 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $103.68, for a total transaction of $45,308.16. Following the completion of the transaction, the insider directly owned 14,683 shares of the company’s stock, valued at approximately $1,522,333.44. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

Esther Song also recently made the following trade(s):

• On Thursday, June 18th, Esther Song sold 126 shares of Synaptics stock. The shares were sold at an average price of $138.28, for a total transaction of $17,423.28.
• On Thursday, May 28th, Esther Song sold 8,833 shares of Synaptics stock. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61.

Synaptics Stock Performance

SYNA stock opened at $98.00 on Friday. 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 company has a 50 day moving average price of $118.22 and a 200 day moving average price of $103.41. 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 capitalization of $3.83 billion, a PE ratio of -7.75 and a beta of 1.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SYNA. Deutsche Bank Aktiengesellschaft cut Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Monday, June 29th. Craig Hallum set a $105.00 target price on shares of Synaptics in a research note on Friday, August 7th. Weiss Ratings cut shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Rosenblatt Securities dropped their price target on shares of Synaptics from $160.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, Northland Securities lowered shares of Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.91.

Hedge Funds Weigh In On Synaptics

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Synaptics in the second quarter valued at about $398,000. Moore Capital Management LP acquired a new position in shares of Synaptics during the 2nd quarter worth about $621,000. Two Sigma Securities LLC grew its position in shares of Synaptics by 813.4% during the 2nd quarter. Two Sigma Securities LLC now owns 36,072 shares of the software maker’s stock worth $4,481,000 after buying an additional 32,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Synaptics by 10.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,332 shares of the software maker’s stock valued at $9,855,000 after acquiring an additional 7,383 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Synaptics by 37.6% in the 2nd quarter. Van ECK Associates Corp now owns 21,942 shares of the software maker’s stock valued at $2,726,000 after acquiring an additional 5,993 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.