Saleel Awsare Sells 4,000 Shares of Synaptics Incorporated (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNAGet Rating) insider Saleel Awsare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $123.00, for a total transaction of $492,000.00. Following the completion of the sale, the insider now owns 34,608 shares in the company, valued at approximately $4,256,784. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Saleel Awsare also recently made the following trade(s):

  • On Thursday, August 25th, Saleel Awsare sold 4,000 shares of Synaptics stock. The stock was sold at an average price of $133.58, for a total transaction of $534,320.00.

Synaptics Stock Down 1.1 %

Shares of SYNA stock opened at $108.84 on Thursday. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.19 and a beta of 1.50. Synaptics Incorporated has a one year low of $107.11 and a one year high of $299.39. The company’s fifty day moving average price is $129.47 and its 200-day moving average price is $152.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.03 and a quick ratio of 2.66.

Synaptics (NASDAQ:SYNAGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The software maker reported $3.87 EPS for the quarter, beating the consensus estimate of $3.13 by $0.74. The firm had revenue of $476.40 million for the quarter, compared to the consensus estimate of $472.74 million. Synaptics had a net margin of 14.80% and a return on equity of 38.59%. The company’s revenue was up 45.3% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. Sell-side analysts expect that Synaptics Incorporated will post 10.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYNA. TheStreet upgraded shares of Synaptics from a “c+” rating to a “b-” rating in a report on Thursday, August 4th. Oppenheimer dropped their target price on shares of Synaptics from $230.00 to $190.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Mizuho dropped their target price on shares of Synaptics from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 5th. KeyCorp decreased their price target on shares of Synaptics from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Friday, August 5th. Finally, Wells Fargo & Company decreased their price target on shares of Synaptics from $175.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Synaptics has an average rating of “Moderate Buy” and a consensus price target of $207.08.

Institutional Trading of Synaptics

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Synaptics by 10.6% in the 1st quarter. BlackRock Inc. now owns 5,014,550 shares of the software maker’s stock valued at $1,000,402,000 after acquiring an additional 481,832 shares during the last quarter. Vanguard Group Inc. increased its holdings in Synaptics by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 3,911,427 shares of the software maker’s stock valued at $780,329,000 after acquiring an additional 67,124 shares during the last quarter. State Street Corp increased its holdings in Synaptics by 4.0% in the 2nd quarter. State Street Corp now owns 1,449,123 shares of the software maker’s stock valued at $171,069,000 after acquiring an additional 55,970 shares during the last quarter. Geode Capital Management LLC increased its holdings in Synaptics by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 740,819 shares of the software maker’s stock valued at $214,493,000 after acquiring an additional 75,888 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Synaptics by 34.6% in the 1st quarter. Neuberger Berman Group LLC now owns 581,945 shares of the software maker’s stock valued at $116,098,000 after acquiring an additional 149,514 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

About Synaptics

(Get Rating)

Synaptics Incorporated develops, markets, and sells semiconductor product solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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