Today: The Synaptics Inc. (SYNA) SVP Sold $115,870.92 in Stock

The Synaptics Inc. (SYNA) SVP Sold $115,870.92 in Stock

Synaptics Inc. (NASDAQ:SYNA) SVP John Mcfarland sold 1,804 shares of Synaptics stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $64.23, for a total value of $115,870.92. Following the transaction, the senior vice president now directly owns 7,726 shares of the company’s stock, valued at $496,240.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Mcfarland also recently made the following trade(s): On Thursday, September 8th, John Mcfarland sold 277 shares of Synaptics stock. The shares were sold at an average price of $60.00, for a total value of $16,620.00. On Tuesday, August 30th, John Mcfarland sold 2,778 shares of Synaptics stock. The shares were sold at an average price of $60.00, for a total value of $166,680.00.

Shares of Synaptics Inc. (NASDAQ:SYNA) opened at 66.30 on Friday. Synaptics Inc. has a 12 month low of $47.09 and a 12 month high of $94.48. The company has a 50-day moving average price of $58.12 and a 200-day moving average price of $62.61. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 34.71 and a beta of 1.76.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. The firm earned $323.90 million during the quarter, compared to analysts’ expectations of $318.48 million. During the same quarter last year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was down 32.4% compared to the same quarter last year. Equities analysts forecast that Synaptics Inc. will post $5.18 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in SYNA. Capital Fund Management S.A. purchased a new stake in shares of Synaptics during the second quarter worth approximately $13,155,000. Cambiar Investors LLC boosted its stake in shares of Synaptics by 6.0% in the second quarter. Cambiar Investors LLC now owns 613,223 shares of the company’s stock worth $32,961,000 after buying an additional 34,827 shares during the period. Norges Bank purchased a new stake in shares of Synaptics during the fourth quarter worth approximately $33,908,000. Americafirst Capital Management LLC purchased a new stake in shares of Synaptics during the second quarter worth approximately $241,000. Finally, 1st Global Advisors Inc. boosted its stake in shares of Synaptics by 9.7% in the second quarter. 1st Global Advisors Inc. now owns 8,874 shares of the company’s stock worth $477,000 after buying an additional 784 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SYNA. JPMorgan Chase & Co. reissued a “buy” rating and set a $71.00 price objective on shares of Synaptics in a report on Wednesday, July 20th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Synaptics in a report on Sunday, July 10th. Pacific Crest reissued a “sector perform” rating on shares of Synaptics in a report on Monday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $65.00 price objective (down from $88.00) on shares of Synaptics in a report on Friday, July 29th. Finally, Cowen and Company reissued a “buy” rating on shares of Synaptics in a report on Friday, June 17th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Synaptics has an average rating of “Hold” and a consensus target price of $76.33.

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