Synaptics (NASDAQ:SYNA) Insider Lisa Bodensteiner Sells 6,056 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 6,056 shares of Synaptics stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $103.62, for a total transaction of $627,522.72. Following the transaction, the insider owned 78,634 shares of the company’s stock, valued at $8,148,055.08. The trade was a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.

Lisa Bodensteiner also recently made the following trade(s):

• On Thursday, June 18th, Lisa Bodensteiner sold 334 shares of Synaptics stock. The shares were sold at an average price of $138.28, for a total value of $46,185.52.

Synaptics Trading Down 3.7%

Synaptics stock opened at $100.98 on Thursday. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -7.98 and a beta of 1.99. The business’s fifty day simple moving average is $118.98 and its two-hundred day simple moving average is $103.30. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.02. The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $1.01 earnings per share. As a group, equities analysts predict that Synaptics Incorporated will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SYNA shares. Mizuho upped their price objective on Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company decreased their price target on Synaptics from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. TD Cowen downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Monday, June 29th. Finally, Weiss Ratings downgraded Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in shares of Synaptics in the second quarter worth approximately $25,000. CIBC Private Wealth Group LLC raised its position in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after acquiring an additional 190 shares during the period. Allworth Financial LP bought a new position in Synaptics in the second quarter worth approximately $33,000. Leonteq Securities AG purchased a new position in shares of Synaptics during the 4th quarter worth $43,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Synaptics in the 2nd quarter worth $54,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.