Synaptics, Incorporated (NASDAQ:SYNA) CEO Rick Bergman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $45.58, for a total value of $91,160.00. Following the transaction, the chief executive officer now directly owns 128,523 shares of the company’s stock, valued at approximately $5,858,078.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Rick Bergman also recently made the following trade(s):
- On Friday, January 12th, Rick Bergman sold 20,000 shares of Synaptics stock. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00.
Synaptics, Incorporated (SYNA) traded up $0.51 during mid-day trading on Thursday, reaching $46.96. The company had a trading volume of 663,300 shares, compared to its average volume of 991,748. The company has a market cap of $1,602.46, a PE ratio of -18.27, a PEG ratio of 1.22 and a beta of 1.12. Synaptics, Incorporated has a fifty-two week low of $33.73 and a fifty-two week high of $64.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 1.85.
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 consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $430.59 million. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. analysts predict that Synaptics, Incorporated will post 2.53 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. Prudential Financial Inc. raised its holdings in Synaptics by 298.7% in the 3rd quarter. Prudential Financial Inc. now owns 718,646 shares of the software maker’s stock worth $28,157,000 after purchasing an additional 538,396 shares during the period. Renaissance Technologies LLC purchased a new stake in Synaptics in the 4th quarter worth $18,270,000. Two Sigma Advisers LP increased its stake in Synaptics by 183.4% in the 4th quarter. Two Sigma Advisers LP now owns 543,920 shares of the software maker’s stock worth $21,724,000 after buying an additional 352,000 shares in the last quarter. Schroder Investment Management Group increased its stake in Synaptics by 2,792.0% in the 4th quarter. Schroder Investment Management Group now owns 356,784 shares of the software maker’s stock worth $14,250,000 after buying an additional 344,447 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its stake in Synaptics by 35.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 1,232,000 shares of the software maker’s stock worth $48,270,000 after buying an additional 321,537 shares in the last quarter. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
SYNA has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Synaptics in a research report 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 reiterated a “buy” rating and set a $43.00 target price (down previously from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Stifel Nicolaus reduced 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 downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.63.
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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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