Key Points
- Synaptics insider Esther Song sold 147 shares at an average price of $100, totaling $14,700, under a pre-arranged Rule 10b5-1 trading plan. She retains 14,335 shares worth approximately $1.43 million.
- Synaptics reported quarterly EPS of $1.23, exceeding estimates of $1.21, 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 have a consensus “Hold” rating with an average price target of $123.91, while institutional investors own 99.43% of the stock.
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Esther Song sold 147 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $100.00, for a total value of $14,700.00. Following the completion of the transaction, the insider directly owned 14,335 shares in the company, valued at approximately $1,433,500. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Esther Song also recently made the following trade(s):
- On Friday, September 18th, Esther Song sold 63 shares of Synaptics stock. The stock was sold at an average price of $92.63, for a total value of $5,835.69.
- On Tuesday, August 18th, Esther Song sold 437 shares of Synaptics stock. The stock was sold at an average price of $103.68, for a total value of $45,308.16.
Synaptics Stock Down 2.3%
Synaptics stock opened at $100.36 on Tuesday. The business's 50-day simple moving average is $101.77 and its two-hundred day simple moving average is $105.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 1.12. The company has a market cap of $3.98 billion, a PE ratio of -7.93 and a beta of 1.94. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11.
Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.02. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The firm had revenue of $308.00 million during the quarter, compared to analysts' expectations of $305.32 million. During the same period last year, the business posted $1.01 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Synaptics Incorporated will post 1.98 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on SYNA. Craig Hallum set a $105.00 price target on shares of Synaptics in a research report on Friday, August 7th. Susquehanna dropped their price objective on shares of Synaptics from $140.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft lowered 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. Mizuho raised their target price on shares of Synaptics from $128.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Synaptics from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Synaptics currently has an average rating of "Hold" and an average target price of $123.91.
Get Our Latest Stock Report on Synaptics
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SYNA. William Blair Investment Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter valued at about $153,998,000. The Manufacturers Life Insurance Company purchased a new position in shares of Synaptics in the 2nd quarter valued at about $133,656,000. Primecap Management Co. CA acquired a new position in Synaptics in the 2nd quarter worth about $56,649,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Synaptics in the 2nd quarter worth about $47,394,000. Finally, Bank of New York Mellon Corp purchased a new position in Synaptics during the second quarter worth approximately $35,039,000. 99.43% of the stock is owned by institutional investors and hedge funds.
Synaptics Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
