John Mcfarland Sells 641 Shares of Synaptics, Incorporated (SYNA) Stock

Synaptics, Incorporated (NASDAQ:SYNA) SVP John Mcfarland sold 641 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $45.00, for a total value of $28,845.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Synaptics, Incorporated (NASDAQ:SYNA) traded up $0.36 during midday trading on Thursday, reaching $46.78. The company’s stock had a trading volume of 768,197 shares, compared to its average volume of 1,055,391. Synaptics, Incorporated has a twelve month low of $33.73 and a twelve month high of $64.54. The company has a quick ratio of 1.85, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1,560.00, a P/E ratio of -18.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.03. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The business had revenue of $430.40 million for the quarter, compared to the consensus estimate of $430.59 million. During the same quarter last year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. analysts expect that Synaptics, Incorporated will post 2.53 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. PNC Financial Services Group Inc. raised its position in Synaptics by 51.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after purchasing an additional 948 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Synaptics by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 6,910 shares of the software maker’s stock valued at $357,000 after purchasing an additional 200 shares in the last quarter. California Public Employees Retirement System raised its position in Synaptics by 1.7% during the second quarter. California Public Employees Retirement System now owns 73,300 shares of the software maker’s stock valued at $3,790,000 after purchasing an additional 1,200 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Synaptics by 200.3% during the second quarter. Parametric Portfolio Associates LLC now owns 89,025 shares of the software maker’s stock valued at $4,603,000 after purchasing an additional 59,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Synaptics by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,088,970 shares of the software maker’s stock valued at $56,312,000 after purchasing an additional 94,143 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.

Several equities research analysts have issued reports on SYNA shares. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Synaptics in a research report on Wednesday, December 13th. Craig Hallum reiterated a “buy” rating and issued a $43.00 price objective (down previously from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Stifel Nicolaus lowered their price objective on Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. set a $53.00 price objective on Synaptics and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, ValuEngine downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.63.

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Synaptics Company Profile

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.

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

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