Synaptics Incorporated (NASDAQ:SYNA) Insider Saleel Awsare Sells 4,000 Shares

Insider Saleel Awsare of Synaptics Incorporated (NASDAQ:SYNA – Get Rating) sold 4,000 shares in a trade that took place on Friday, September 9. The shares were sold at an average price of $123.00, for a total value of $492,000.00. Following the sale, the insider now directly owns 34,608 shares of the company, valued at approximately $4,256,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Saleel Awsare also recently made the following trade(s):

  • On Thursday, August 25, Saleel Awsare sold 4,000 Synaptics shares. The shares were sold at an average price of $133.58, for a total value of $534,320.00.

Synaptics shares down 7.4%

Shares of NASDAQ:SYNA traded at $8.82 on Tuesday, hitting $110.06. 700,744 shares of the company were traded, against an average volume of 512,325. Synaptics Incorporated has a 52-week low of $108.51 and a 52-week high of $299.39. The company has a quick ratio of 2.66, a current ratio of 3.03 and a debt ratio of 0.77. The stock has a 50-day simple moving average of $129.70 and a 200-day simple moving average of $152.64. The company has a market capitalization of $4.40 billion, a PE ratio of 17.39 and a beta of 1.50.

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Synaptics (NASDAQ:SYNA – Get Rating) last released its quarterly results on Thursday, August 4. The software maker reported earnings per share of $3.87 for the quarter, beating the consensus estimate of $3.13 by $0.74. Synaptics had a return on equity of 38.59% and a net margin of 14.80%. The company posted revenue of $476.40 million in the quarter, versus a consensus estimate of $472.74 million. During the same period last year, the company earned earnings per share of $1.60. The company’s revenue increased 45.3% year over year. As a group, research analysts expect Synaptics Incorporated to post earnings per share of 10.15 for the current year.

Hedge funds weigh on Synaptics

Several institutional investors and hedge funds have recently changed their holdings in SYNA. BlackRock Inc. increased its position in Synaptics by 15.5% in the 4th quarter. BlackRock Inc. now owns 4,532,718 shares of the software maker worth $1,312,268,000 after buying an additional 608,675 shares in the last quarter. Wells Fargo & Company MN raised its position in Synaptics by 112.8% in Q2. Wells Fargo & Company MN now owns 28,599 shares of the software maker worth $3,376,000 after buying an additional 251,313 shares in the last quarter. Woodline Partners LP bought a new position in Synaptics in Q2 worth approximately $25,163,000. Goldman Sachs Group Inc. increased its position in Synaptics by 98.1% in Q1. Goldman Sachs Group Inc. now owns 327,890 shares of the software maker worth $65,414,000 after buying an additional 162,405 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Synaptics by 34.6% in the 1st quarter. Neuberger Berman Group LLC now owns 581,945 shares of the software maker worth $116,098,000 after buying an additional 149,514 shares in the last quarter. 97.15% of the shares are currently held by institutional investors.

Changes to analyst ratings

A number of brokerages have recently commented on SYNA. KeyCorp lowered its price target on Synaptics from $215.00 to $205.00 and set an “overweight” rating for the company in a Friday, August 5 research note. TheStreet upgraded Synaptics from a “c+” rating to a “b-” rating in a Thursday, August 4 research note. Needham & Company LLC lowered its price target on Synaptics from $220.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Susquehanna lowered its price target on Synaptics from $200.00 to $185.00 in a Friday, August 5 research note. Finally, Susquehanna Bancshares lowered its price target on Synaptics from $200.00 to $185.00 in a Friday, August 5 research note. Three investment analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.08.

Synaptics Company Profile

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Synaptics Incorporated develops, markets and sells semiconductor product solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video images over low-bandwidth connections; VideoSmart which activates set-top or over-the-top boxes, streaming devices, soundbars, surveillance cameras and smart displays; and ImagingSmart solutions.

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Insider buying and selling by quarter for Synaptics (NASDAQ:SYNA)

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