Synaptics, Incorporated (NASDAQ:SYNA) SVP John Mcfarland sold 641 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $45.00, for a total value of $28,845.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Synaptics, Incorporated (NASDAQ SYNA) traded up $0.14 during midday trading on Thursday, reaching $47.10. The company’s stock had a trading volume of 650,204 shares, compared to its average volume of 1,080,000. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65. Synaptics, Incorporated has a 52-week low of $33.73 and a 52-week high of $64.54. The firm has a market cap of $1,590.00, a price-to-earnings ratio of -38.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.12.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same period in the prior year, the firm posted $1.49 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. research analysts expect that Synaptics, Incorporated will post 2.53 EPS for the current year.
A number of equities research analysts have recently issued reports on SYNA shares. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Synaptics in a research note on Wednesday, December 13th. JPMorgan Chase & Co. set a $53.00 target price on Synaptics and gave the stock a “buy” rating in a report on Thursday, October 26th. Craig Hallum reissued a “buy” rating and set a $43.00 target price (down from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Stifel Nicolaus decreased their target price on Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, ValuEngine lowered Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.63.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN grew its holdings in Synaptics by 1.4% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,014,352 shares of the software maker’s stock valued at $40,513,000 after buying an additional 14,010 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Synaptics in the 4th quarter valued at $1,454,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Synaptics by 92.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 93,121 shares of the software maker’s stock worth $3,718,000 after purchasing an additional 44,800 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Synaptics by 183.4% during the 4th quarter. Two Sigma Advisers LP now owns 543,920 shares of the software maker’s stock worth $21,724,000 after purchasing an additional 352,000 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Synaptics during the 4th quarter worth $560,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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