Synaptics (NASDAQ:SYNA) Insider Esther Song Sells 437 Shares

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 437 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $103.68, for a total value of $45,308.16. Following the completion of the transaction, the insider directly owned 14,683 shares in the company, valued at approximately $1,522,333.44. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $17,423.28.
• On Thursday, May 28th, Esther Song sold 8,833 shares of Synaptics stock. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61.

Synaptics Price Performance

Synaptics stock opened at $100.98 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.95 billion, a P/E ratio of -7.98 and a beta of 1.99. The business has a 50-day moving average of $118.98 and a 200-day moving average of $103.30. Synaptics Incorporated has a 1 year low of $58.28 and a 1 year high of $149.11.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of Synaptics during the 1st quarter worth approximately $784,000. Intech Investment Management LLC boosted its position in Synaptics by 186.4% during the fourth quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock worth $5,203,000 after purchasing an additional 45,746 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Synaptics in the second quarter valued at about $1,428,000. Geode Capital Management LLC boosted its holdings in shares of Synaptics by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after buying an additional 17,088 shares during the period. Finally, Trigran Investments Inc. raised its holdings in Synaptics by 4.7% in the 4th quarter. Trigran Investments Inc. now owns 692,587 shares of the software maker’s stock valued at $51,265,000 after acquiring an additional 31,150 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Monday. Susquehanna dropped their price target on Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Northland Securities lowered Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company lowered their target price on Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock 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.