Insider Selling: Synaptics Incorporated (NASDAQ:SYNA) Insider Sells 5,000 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA – Get Rating) insider Saleel Awsare sold 5,000 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $115.28, for a total transaction of $576,400.00. Following the transaction, the insider now owns 33,755 shares of the company’s stock, valued at $3,891,276.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Synaptics Stock Up 1.2 %

Shares of NASDAQ:SYNA opened at $107.29 on Wednesday. Synaptics Incorporated has a 52-week low of $81.13 and a 52-week high of $239.88. The firm has a fifty day moving average of $117.68 and a 200 day moving average of $106.05. The firm has a market capitalization of $4.23 billion, a PE ratio of 18.59 and a beta of 1.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.83 and a current ratio of 4.42.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SYNA. Craig Hallum boosted their price target on shares of Synaptics from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Susquehanna boosted their price target on shares of Synaptics from $115.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Oppenheimer lowered shares of Synaptics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 3rd. Cowen boosted their price target on shares of Synaptics from $100.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Finally, KeyCorp boosted their price target on shares of Synaptics from $115.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY lifted its stake in Synaptics by 3.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock worth $232,000 after purchasing an additional 89 shares during the last quarter. Sigma Planning Corp lifted its stake in Synaptics by 3.9% in the third quarter. Sigma Planning Corp now owns 2,679 shares of the software maker’s stock worth $265,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System lifted its stake in Synaptics by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 10,133 shares of the software maker’s stock worth $964,000 after purchasing an additional 100 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Synaptics by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock worth $446,000 after purchasing an additional 123 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Synaptics by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after purchasing an additional 128 shares during the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

About Synaptics

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Synaptics, Inc engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.