Key Points
- Synaptics insider Lisa Bodensteiner sold 334 shares at an average price of $92.63, totaling $30,938.42. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding, leaving her with 77,518 shares.
- Synaptics reported quarterly EPS of $1.23, slightly exceeding estimates, while revenue rose 8.9% year over year to $308 million. Despite the earnings beat, the company posted a negative net margin of 41%.
- Analysts maintain a consensus “Hold” rating, with an average price target of $123.91; institutional investors own approximately 99.43% of the stock.
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Lisa Bodensteiner sold 334 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $92.63, for a total value of $30,938.42. Following the completion of the transaction, the insider owned 77,518 shares of the company's stock, valued at $7,180,492.34. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Lisa Bodensteiner also recently made the following trade(s):
- On Tuesday, August 18th, Lisa Bodensteiner sold 6,056 shares of Synaptics stock. The shares were sold at an average price of $103.62, for a total value of $627,522.72.
Synaptics Stock Performance
NASDAQ:SYNA opened at $93.11 on Friday. The stock's 50-day moving average is $104.08 and its 200-day moving average is $104.73. Synaptics Incorporated has a 1-year low of $58.28 and a 1-year high of $149.11. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.70 billion, a P/E ratio of -7.36 and a beta of 1.94.
Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.02. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $305.32 million. During the same quarter last year, the business earned $1.01 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Synaptics Incorporated will post 1.98 earnings per share for the current year.
Institutional Trading of Synaptics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in Synaptics during the 2nd quarter worth approximately $25,000. Allworth Financial LP bought a new stake in shares of Synaptics in the 2nd quarter valued at $33,000. Leonteq Securities AG bought a new stake in shares of Synaptics in the 4th quarter valued at $43,000. Global Retirement Partners LLC acquired a new stake in shares of Synaptics during the second quarter worth $61,000. Finally, State of Wyoming acquired a new stake in shares of Synaptics during the second quarter worth $65,000. Institutional investors and hedge funds own 99.43% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Susquehanna dropped their price target on shares of Synaptics from $140.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut shares of Synaptics from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Monday, June 29th. Needham & Company LLC downgraded Synaptics from a "buy" rating to a "hold" rating in a report on Friday, June 26th. Zacks Research raised Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Finally, Rosenblatt Securities cut their target price on Synaptics from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Synaptics currently has a consensus rating of "Hold" and an average price target of $123.91.
Read Our Latest Stock Report on Synaptics
About Synaptics
(
Get Free Report)
Synaptics Incorporated (NASDAQ: SYNA) is a fabless semiconductor company that develops technologies for human-machine interaction, connectivity and edge computing. Its solutions are used in consumer electronics, automotive systems, enterprise equipment and other connected devices.
The company's products include touchpads, touchscreens, fingerprint sensors, display and video interface technologies, and related human-interface solutions. Synaptics also develops wireless connectivity products, including technologies supporting Wi-Fi, Bluetooth and other connected-device applications, as well as semiconductor platforms designed to enable edge artificial intelligence and the Internet of Things.
Founded in 1986 and headquartered in Santa Clara, California, Synaptics serves customers and original equipment manufacturers globally.
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