Synaptics Incorporated (NASDAQ:SYNA) Insider Dean Warren Butler Sells 11,866 Shares

Synaptics Incorporated (NASDAQ:SYNAGet Rating) insider Dean Warren Butler sold 11,866 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $102.52, for a total transaction of $1,216,502.32. Following the completion of the sale, the insider now directly owns 35,535 shares in the company, valued at approximately $3,643,048.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Synaptics Trading Down 2.2 %

Shares of NASDAQ SYNA opened at $99.29 on Tuesday. Synaptics Incorporated has a 1 year low of $81.13 and a 1 year high of $299.39. The stock has a market cap of $3.96 billion, a P/E ratio of 14.33 and a beta of 1.42. The firm has a 50-day moving average of $96.70 and a 200 day moving average of $119.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.86 and a quick ratio of 3.37.

Synaptics (NASDAQ:SYNAGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The software maker reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.70. The company had revenue of $448.10 million during the quarter, compared to analysts’ expectations of $450.48 million. Synaptics had a net margin of 15.53% and a return on equity of 39.05%. Synaptics’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. As a group, sell-side analysts expect that Synaptics Incorporated will post 6.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SYNA. Cowen cut their price target on shares of Synaptics from $210.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Craig Hallum dropped their target price on shares of Synaptics from $180.00 to $120.00 in a research report on Friday, November 4th. Cowen dropped their target price on shares of Synaptics from $210.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Oppenheimer dropped their target price on shares of Synaptics from $230.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Finally, KeyCorp dropped their target price on shares of Synaptics from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and an average target price of $152.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC raised its holdings in Synaptics by 104.5% in the second quarter. Los Angeles Capital Management LLC now owns 33,525 shares of the software maker’s stock worth $3,958,000 after buying an additional 17,135 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Synaptics by 4.9% in the second quarter. Russell Investments Group Ltd. now owns 33,227 shares of the software maker’s stock worth $3,921,000 after buying an additional 1,558 shares during the last quarter. Parallel Advisors LLC raised its holdings in Synaptics by 32.8% in the second quarter. Parallel Advisors LLC now owns 526 shares of the software maker’s stock worth $62,000 after buying an additional 130 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Synaptics by 2.2% in the second quarter. State of Alaska Department of Revenue now owns 5,687 shares of the software maker’s stock worth $671,000 after buying an additional 120 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Synaptics in the second quarter worth about $999,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Synaptics Company Profile

(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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