Lisa Bodensteiner Sells 334 Shares of Synaptics (NASDAQ:SYNA) Stock

by · The Markets Daily

Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Lisa Bodensteiner sold 334 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $92.63, for a total transaction of $30,938.42. Following the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $103.62, for a total transaction of $627,522.72.

Synaptics Trading Up 2.2%

SYNA stock traded up $1.99 during trading on Friday, hitting $93.11. The company had a trading volume of 830,214 shares, compared to its average volume of 869,021. Synaptics Incorporated has a 52-week low of $58.28 and a 52-week high of $149.11. The company has a 50 day simple moving average of $104.76 and a 200-day simple moving average of $104.81. The firm has a market capitalization of $3.70 billion, a P/E ratio of -7.36 and a beta of 1.94. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.02. The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. As a group, research analysts forecast that Synaptics Incorporated will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synaptics

Several institutional investors have recently bought and sold shares of the business. ABS Investment Management LLC bought a new position in Synaptics in the second quarter worth approximately $310,575,000. CoreCap Advisors LLC bought a new stake in Synaptics during the 2nd quarter valued at $25,000. Allworth Financial LP bought a new stake in Synaptics during the 2nd quarter valued at $33,000. Global Retirement Partners LLC purchased a new position in shares of Synaptics in the 2nd quarter valued at $61,000. Finally, State of Wyoming purchased a new position in shares of Synaptics in the 2nd quarter valued at $65,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYNA has been the topic of several research analyst reports. Rosenblatt Securities dropped their price objective on Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays reissued an “equal weight” rating and set a $135.00 price target (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. Northland Securities lowered Synaptics from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Monday, June 29th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Synaptics currently has an average rating of “Hold” and a consensus price target of $123.91.

Check Out 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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