Kiva A. Allgood Sells 196 Shares of Synaptics Incorporated (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNAGet Rating) Director Kiva A. Allgood sold 196 shares of Synaptics stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $155.61, for a total value of $30,499.56. Following the completion of the sale, the director now owns 6,654 shares in the company, valued at $1,035,428.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Synaptics stock opened at $152.56 on Wednesday. The business’s fifty day simple moving average is $185.64 and its 200-day simple moving average is $223.60. The company has a quick ratio of 2.58, a current ratio of 2.94 and a debt-to-equity ratio of 0.92. The firm has a market cap of $5.99 billion, a PE ratio of 31.98 and a beta of 1.34. Synaptics Incorporated has a 52 week low of $114.05 and a 52 week high of $299.39.

Synaptics (NASDAQ:SYNAGet Rating) last announced its earnings results on Thursday, May 5th. The software maker reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.20. The company had revenue of $470.10 million during the quarter, compared to analyst estimates of $464.65 million. Synaptics had a net margin of 12.17% and a return on equity of 36.24%. Synaptics’s revenue was up 44.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, equities analysts expect that Synaptics Incorporated will post 10.61 earnings per share for the current year.

A number of analysts have recently issued reports on SYNA shares. Susquehanna Bancshares lowered their price target on Synaptics from $320.00 to $240.00 in a research note on Friday, May 6th. Susquehanna dropped their target price on shares of Synaptics from $320.00 to $240.00 in a report on Friday, May 6th. Cowen reduced their target price on shares of Synaptics from $310.00 to $210.00 in a research report on Monday, May 2nd. KeyCorp lowered their price target on shares of Synaptics from $310.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 12th. Finally, Cowen decreased their target price on shares of Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $243.85.

A number of institutional investors have recently bought and sold shares of SYNA. Crestline Management LP purchased a new stake in Synaptics in the third quarter valued at approximately $2,721,000. Braun Stacey Associates Inc. acquired a new stake in shares of Synaptics in the third quarter valued at $21,357,000. Virtue Capital Management LLC purchased a new stake in shares of Synaptics in the 4th quarter valued at $1,273,000. State of Michigan Retirement System lifted its stake in Synaptics by 12.5% during the 4th quarter. State of Michigan Retirement System now owns 9,935 shares of the software maker’s stock worth $2,876,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in Synaptics during the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.

About Synaptics (Get Rating)

Synaptics Incorporated develops and supplies semiconductor products and solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

Read More

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

Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.