Synaptics (NASDAQ:SYNA) Insider Lisa Bodensteiner Sells 6,056 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 6,056 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $103.62, for a total value 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 position. The sale was disclosed in a filing 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 stock was sold at an average price of $138.28, for a total transaction of $46,185.52.

Synaptics Stock Down 3.7%

Shares of SYNA stock traded down $3.85 during mid-day trading on Wednesday, hitting $100.98. 369,548 shares of the stock traded hands, compared to its average volume of 883,173. The stock has a market cap of $3.95 billion, a P/E ratio of -7.98 and a beta of 1.99. The stock’s fifty day moving average is $119.53 and its two-hundred day moving average is $103.20. Synaptics Incorporated has a 52-week low of $58.28 and a 52-week high of $149.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 quarter in the previous year, the firm earned $1.01 EPS. Equities analysts predict that Synaptics Incorporated will post 1.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SYNA. State Street Corp lifted its holdings in shares of Synaptics by 0.5% during the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after purchasing an additional 9,335 shares during the period. Orbis Allan Gray Ltd lifted its stake in Synaptics by 9.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after acquiring an additional 137,926 shares during the period. William Blair Investment Management LLC acquired a new stake in Synaptics during the 2nd quarter valued at approximately $153,998,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Synaptics in the 2nd quarter valued at $133,656,000. Finally, Geode Capital Management LLC increased its stake in shares of Synaptics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after acquiring an additional 17,088 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on SYNA shares. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Monday, June 29th. Zacks Research raised Synaptics from a “hold” rating to a “strong-buy” rating in a report on Monday. Craig Hallum set a $105.00 price objective on shares of Synaptics in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.