Key Points
- Insider sale: Synaptics insider Lisa Bodensteiner sold 612 shares on May 19 at an average price of $114.83, totaling about $70,276. The sale was made under a pre-arranged Rule 10b5-1 plan, and she still owns 63,106 shares.
- Strong quarterly results: Synaptics reported fiscal Q3 earnings of $1.09 per share, beating estimates of $1.01, while revenue of $294.2 million also topped expectations. Quarterly revenue rose 10.4% year over year.
- Analyst sentiment remains positive: Several firms reiterated or upgraded their views, leaving Synaptics with a consensus rating of Moderate Buy and an average price target of $119.18. The stock was trading up 5% and had recently reached a 12-month high of $134.84.
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Lisa Bodensteiner sold 612 shares of the company's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $114.83, for a total transaction of $70,275.96. Following the sale, the insider directly owned 63,106 shares of the company's stock, valued at $7,246,461.98. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lisa Bodensteiner also recently made the following trade(s):
- On Monday, April 20th, Lisa Bodensteiner sold 1,798 shares of Synaptics stock. The shares were sold at an average price of $81.87, for a total transaction of $147,202.26.
- On Wednesday, March 18th, Lisa Bodensteiner sold 334 shares of Synaptics stock. The shares were sold at an average price of $74.83, for a total transaction of $24,993.22.
Synaptics Trading Up 5.0%
Synaptics stock opened at $129.82 on Thursday. The firm has a 50 day moving average of $87.82 and a 200 day moving average of $81.33. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of -104.69, a P/E/G ratio of 4.22 and a beta of 1.86. Synaptics Incorporated has a 12-month low of $57.54 and a 12-month high of $134.84. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62.
Synaptics (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, research analysts predict that Synaptics Incorporated will post 1.22 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on SYNA. Needham & Company LLC reissued a "buy" rating and issued a $120.00 target price on shares of Synaptics in a report on Friday, May 8th. TD Cowen reissued a "buy" rating on shares of Synaptics in a report on Friday, February 6th. Wall Street Zen raised shares of Synaptics from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Zacks Research raised shares of Synaptics from a "strong sell" rating to a "hold" rating in a report on Thursday, May 7th. Finally, Northland Securities set a $123.00 target price on shares of Synaptics in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $119.18.
Get Our Latest Research Report on Synaptics
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. The Manufacturers Life Insurance Company boosted its stake in Synaptics by 2,384.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker's stock worth $65,780,000 after purchasing an additional 901,379 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker's stock worth $60,304,000 after purchasing an additional 671,647 shares during the period. Ameriprise Financial Inc. boosted its stake in Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker's stock worth $446,241,000 after purchasing an additional 594,235 shares during the period. AQR Capital Management LLC boosted its stake in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker's stock worth $28,744,000 after purchasing an additional 288,523 shares during the period. Finally, Primecap Management Co. CA bought a new position in shares of Synaptics during the 4th quarter valued at approximately $15,670,000. 99.43% of the stock is currently owned by institutional investors.
Synaptics Company Profile
(
Get Free Report)
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.
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