Synaptics (NASDAQ:SYNA) Insider Sells 147 Shares of Stock

Key Points

• Synaptics insider Esther Song sold 147 shares at an average price of $100, receiving $14,700. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 1.02% to 14,335 shares.
• SYNA shares traded at $100.70, near their 50-day and 200-day moving averages, with a 12-month range of $58.28 to $149.11. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.23 in EPS and $308 million in revenue.
• Analysts maintain a consensus “Hold” rating with an average price target of $123.91, while institutional investors own approximately 99.43% of the stock.

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Esther Song sold 147 shares of the company's stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $100.00, for a total value of $14,700.00. Following the completion of the transaction, the insider directly owned 14,335 shares of the company's stock, valued at approximately $1,433,500. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, Esther Song sold 63 shares of Synaptics stock. The shares were sold at an average price of $92.63, for a total value of $5,835.69.
• On Tuesday, August 18th, Esther Song sold 437 shares of Synaptics stock. The stock was sold at an average price of $103.68, for a total value of $45,308.16.

Synaptics Price Performance

SYNA stock traded down $2.02 during midday trading on Monday, hitting $100.70. The company's stock had a trading volume of 259,178 shares, compared to its average volume of 854,659. 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 12 month low of $58.28 and a 12 month high of $149.11. The company has a 50 day moving average of $102.03 and a two-hundred day moving average of $105.71. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -7.99 and a beta of 1.94.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Synaptics Incorporated will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Synaptics from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Rosenblatt Securities cut their price target on Synaptics from $160.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, August 7th. Mizuho lifted their price objective on Synaptics from $128.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. TD Cowen cut Synaptics from a "buy" rating to a "hold" rating in a report on Friday, June 26th. Finally, Barclays reiterated an "equal weight" rating and set a $135.00 target price (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $123.91.

Institutional Trading of Synaptics

A number of institutional investors have recently bought and sold shares of the stock. ABS Investment Management LLC bought a new position in Synaptics during the second quarter valued at $310,575,000. William Blair Investment Management LLC purchased a new position in shares of Synaptics during the 2nd quarter worth about $153,998,000. The Manufacturers Life Insurance Company bought a new position in Synaptics during the 2nd quarter valued at about $133,656,000. Geode Capital Management LLC grew its holdings in Synaptics by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker's stock valued at $74,066,000 after purchasing an additional 17,088 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new stake in Synaptics in the 2nd quarter worth about $56,649,000. 99.43% of the stock is currently owned by institutional investors.

About Synaptics

Synaptics Incorporated NASDAQ: SYNA is a fabless semiconductor company that develops technologies for human-machine interaction, connectivity and edge computing. Its solutions are used in consumer electronics, automotive systems, enterprise equipment and other connected devices.

The company's products include touchpads, touchscreens, fingerprint sensors, display and video interface technologies, and related human-interface solutions. Synaptics also develops wireless connectivity products, including technologies supporting Wi-Fi, Bluetooth and other connected-device applications, as well as semiconductor platforms designed to enable edge artificial intelligence and the Internet of Things.

Founded in 1986 and headquartered in Santa Clara, California, Synaptics serves customers and original equipment manufacturers globally.

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