Esther Song Sells 437 Shares of Synaptics (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 437 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $103.68, for a total value of $45,308.16. Following the sale, the insider directly owned 14,683 shares of the company’s stock, valued at approximately $1,522,333.44. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Esther Song also recently made the following trade(s):

• On Thursday, June 18th, Esther Song sold 126 shares of Synaptics stock. The shares were sold at an average price of $138.28, for a total transaction of $17,423.28.
• On Thursday, May 28th, Esther Song sold 8,833 shares of Synaptics stock. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61.

Synaptics Stock Down 3.7%

SYNA traded down $3.85 during trading on Wednesday, hitting $100.98. The company had a trading volume of 369,548 shares, compared to its average volume of 883,173. The company has a market capitalization of $3.95 billion, a PE ratio of -7.98 and a beta of 1.99. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. Synaptics Incorporated has a one year low of $58.28 and a one year high of $149.11. The firm’s 50-day moving average price is $119.53 and its 200 day moving average price is $103.20.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The firm had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, equities analysts expect that Synaptics Incorporated will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SYNA shares. Zacks Research raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Monday. Craig Hallum set a $105.00 price target on Synaptics in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Northland Securities lowered shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.91.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SYNA. ABS Investment Management LLC bought a new position in Synaptics in the second quarter valued at approximately $310,575,000. CoreCap Advisors LLC bought a new stake in shares of Synaptics during the 2nd quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in shares of Synaptics in the 2nd quarter valued at approximately $33,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Synaptics in the second quarter valued at $61,000. 99.43% of the stock is owned by institutional investors and hedge funds.

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.