Today, 3,900 Shares of Stock are sold by Synaptics Inc. (SYNA) Insider Rick Bergman

Today, 3,900 Shares of Stock are sold by Synaptics Inc. (SYNA) Insider Rick Bergman

Synaptics Inc. (NASDAQ:SYNA) insider Rick Bergman sold 3,900 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $55.04, for a total transaction of $214,656.00. Following the sale, the insider now owns 96,498 shares of the company’s stock, valued at $5,311,249.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rick Bergman also recently made the following trade(s): On Monday, November 21st, Rick Bergman sold 100 shares of Synaptics stock. The stock was sold at an average price of $55.00, for a total transaction of $5,500.00. On Monday, November 14th, Rick Bergman sold 10,000 shares of Synaptics stock. The stock was sold at an average price of $55.06, for a total transaction of $550,600.00. On Thursday, September 8th, Rick Bergman sold 10,000 shares of Synaptics stock. The stock was sold at an average price of $58.29, for a total transaction of $582,900.00.

Synaptics Inc. (NASDAQ:SYNA) opened at 53.34 on Tuesday. The company’s 50 day moving average is $59.11 and its 200-day moving average is $57.87. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 38.02 and a beta of 1.39. Synaptics Inc. has a 52-week low of $47.09 and a 52-week high of $90.91.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.03. The company had revenue of $386.20 million for the quarter, compared to analysts’ expectations of $372.65 million. Synaptics had a net margin of 3.29% and a return on equity of 15.27%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. Equities analysts anticipate that Synaptics Inc. will post $4.89 EPS for the current fiscal year.

SYNA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Thursday, August 4th. Pacific Crest reiterated a “sector perform” rating on shares of Synaptics in a research report on Monday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $65.00 price target on shares of Synaptics in a report on Friday, September 9th. Mizuho upgraded shares of Synaptics from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $74.00 in a report on Thursday, October 13th. Finally, Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $70.00 to $65.00 in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.08.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its position in shares of Synaptics by 1.0% in the second quarter. Advisory Services Network LLC now owns 3,105 shares of the company’s stock worth $167,000 after buying an additional 30 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Synaptics by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,360 shares of the company’s stock worth $342,000 after buying an additional 34 shares during the last quarter. Legal & General Group Plc increased its position in shares of Synaptics by 0.5% in the second quarter. Legal & General Group Plc now owns 9,493 shares of the company’s stock worth $503,000 after buying an additional 48 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Synaptics by 3.8% in the third quarter. LS Investment Advisors LLC now owns 2,261 shares of the company’s stock worth $132,000 after buying an additional 83 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Synaptics by 0.3% in the third quarter. BlackRock Group LTD now owns 28,882 shares of the company’s stock worth $1,692,000 after buying an additional 93 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors and hedge funds.

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