Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Lisa Bodensteiner sold 612 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total transaction of $70,275.96. Following the completion of the transaction, the insider owned 63,106 shares in the company, valued at approximately $7,246,461.98. The trade was a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lisa Bodensteiner also recently made the following trade(s):
- On Monday, April 20th, Lisa Bodensteiner sold 1,798 shares of Synaptics stock. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26.
- On Wednesday, March 18th, Lisa Bodensteiner sold 334 shares of Synaptics stock. The stock was sold at an average price of $74.83, for a total transaction of $24,993.22.
Synaptics Stock Performance
Shares of Synaptics stock opened at $129.82 on Thursday. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of -104.69, a PEG ratio of 4.22 and a beta of 1.86. The firm’s 50-day moving average is $87.82 and its 200 day moving average is $81.33. Synaptics Incorporated has a 1 year low of $57.54 and a 1 year high of $134.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39.
Hedge Funds Weigh In On Synaptics
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its stake in Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Hantz Financial Services Inc. lifted its stake in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after acquiring an additional 351 shares during the period. Optiver Holding B.V. lifted its stake in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Leonteq Securities AG purchased a new stake in shares of Synaptics during the 4th quarter valued at about $43,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Synaptics during the 2nd quarter valued at about $54,000. Institutional investors own 99.43% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Craig Hallum restated a “hold” rating and set a $95.00 target price on shares of Synaptics in a research note on Friday, May 8th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Synaptics in a research note on Friday, May 8th. Finally, Northland Securities set a $123.00 target price on shares of Synaptics in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.18.
Check Out Our Latest Research Report on Synaptics
About Synaptics
Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.
Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.
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