Synaptics (NASDAQ:SYNA) Insider Sells $565,079.76 in Stock

by · The Cerbat Gem

Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Lisa Bodensteiner sold 7,182 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total transaction of $565,079.76. Following the completion of the sale, the insider directly owned 75,542 shares of the company’s stock, valued at $5,943,644.56. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Synaptics Stock Down 3.8%

Synaptics stock opened at $77.43 on Friday. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.31 and a current ratio of 2.86. The firm has a market cap of $3.02 billion, a PE ratio of -66.75, a P/E/G ratio of 3.37 and a beta of 1.76. The firm’s 50 day moving average price is $69.34 and its two-hundred day moving average price is $67.61.

Synaptics (NASDAQ:SYNA – Get Free Report) last issued its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Synaptics had a negative net margin of 4.08% and a positive return on equity of 4.35%. The company had revenue of $292.50 million during the quarter, compared to analyst estimates of $289.93 million. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, research analysts predict that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Synaptics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. Nordea Investment Management AB acquired a new stake in Synaptics in the 2nd quarter worth $6,991,000. Norges Bank acquired a new position in shares of Synaptics during the second quarter valued at about $25,876,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Synaptics in the second quarter valued at about $750,000. Inceptionr LLC acquired a new stake in Synaptics during the second quarter worth about $342,000. Finally, Icon Advisers Inc. Co. acquired a new stake in Synaptics during the second quarter worth about $1,381,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

SYNA has been the topic of several research reports. TD Cowen upped their target price on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Capmk upgraded shares of Synaptics to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Finally, Northland Securities initiated coverage on shares of Synaptics in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $85.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.88.

View Our Latest Analysis on Synaptics

Synaptics Company Profile

(Get Free Report)

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

Recommended Stories