November 23, 2016 - By Nellie Frank
Rick Bergman, President and CEO of Synaptics Inc, in an insider legal trading deal unloaded 100 shares whose sum is estimated to be $5,500 at average stock price of $55.0. It seems he is very active lately as in the last 30 days, he unloaded additional 10,000 shares of the company, worth $550,579 USD. Rick now owns 99,388 shares accounting for 0.28% of the Company’s market cap
Out of 13 analysts covering Synaptics Inc (NASDAQ:SYNA), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. $118 is the highest target while $57 is the lowest. The $82.67 average target is 50.78% above today’s ($54.83) stock price. Synaptics Inc has been the topic of 33 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 28 by Needham. The rating was maintained by Mizuho with “Buy” on Friday, October 23. The company was maintained on Thursday, June 16 by Mizuho. Craig Hallum maintained the shares of SYNA in a report on Friday, April 29 with “Buy” rating. Lake Street downgraded the stock to “Hold” rating in Wednesday, July 6 report. The stock of Synaptics, Incorporated (NASDAQ:SYNA) earned “Outperform” rating by Northland Capital on Friday, July 31. The company was upgraded on Thursday, October 13 by Mizuho. Northland Capital maintained the shares of SYNA in a report on Friday, October 23 with “Outperform” rating. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The firm has “Market Perform” rating given on Friday, April 29 by Northland Capital.
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.12, from 0.79 in 2016Q1. The ratio is positive, as 55 funds sold all Synaptics, Incorporated shares owned while 101 reduced positions. 39 funds bought stakes while 84 increased positions. They now own 30.84 million shares or 8.93% less from 33.86 million shares in 2016Q1.
Moreover, Quantbot L P has 0.11% invested in Synaptics, Incorporated (NASDAQ:SYNA) for 19,699 shares. Putnam Invests Lc accumulated 20,831 shares or 0% of the stock. First Mercantile holds 0.07% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 10,207 shares. Hightower Ltd Liability, a Illinois-based fund reported 104,701 shares. Amer Int Gru last reported 0% of its portfolio in the stock. Ngam Advisors Ltd Partnership, a Massachusetts-based fund reported 33,042 shares. Boston Advisors Ltd Liability Corporation, a Massachusetts-based fund reported 21,075 shares. Tudor Et Al last reported 7,100 shares in the company. The New York-based Sg Americas Securities has invested 0.03% in Synaptics, Incorporated (NASDAQ:SYNA). Employees Retirement Systems Of Texas has invested 0.05% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA). Mutual Of America Capital Mngmt Ltd Liability Corp last reported 48,714 shares in the company. State Of Tennessee Treasury Department owns 737,386 shares or 0.2% of their US portfolio. Weaver C Barksdale Inc last reported 0.01% of its portfolio in the stock. Texas Permanent School Fund holds 0.02% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 28,171 shares. Loomis Sayles Co Limited Partnership holds 75 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 10 sales for $3.33 million net activity. Shares for $557,700 were sold by Barber Kevin D on Friday, November 11. $671,090 worth of shares were sold by Bergman Rick on Wednesday, June 1. On Thursday, September 8 McFarland John sold $16,620 worth of the stock or 277 shares. 859 shares with value of $48,411 were sold by Ali Wajid on Friday, November 11. $55,540 worth of shares were sold by Deutsch Scott on Monday, November 14.
The stock increased 0.64% or $0.35 during the last trading session, hitting $54.83. About 458,867 shares traded hands. Synaptics, Incorporated (NASDAQ:SYNA) has declined 35.38% since April 21, 2016 and is downtrending. It has underperformed by 40.71% the S&P500.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The company has a market cap of $1.92 billion. The Firm is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices. It has a 39.71 P/E ratio. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad.
According to Zacks Investment Research, “Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market. Products include the TouchPad input device, TouchStyk pointing stick, Dual Pointing combination input solution, ClearPad touch screen, Spiral pen input solution, and QuickStroke Chinese handwriting software.”
More important recent Synaptics, Incorporated (NASDAQ:SYNA) news were published by: Fool.com which released: “Synaptics Incorporated Stock: A Value Investor’s Dream?” on June 25, 2016, also Fool.com published article titled: “How Synaptics Incorporated Fell 10.3% in April”, Fool.com published: “Why Synaptics, Incorporated Stock Plunged Today” on June 17, 2016. More interesting news about Synaptics, Incorporated (NASDAQ:SYNA) was released by: Profitconfidential.com and their article: “SYNA Stock: This Synaptics, Incorporated Trade Has 127%+ Upside Potential” with publication date: September 02, 2016.
Synaptics Incorporated, incorporated on January 7, 2002, is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Firm is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices. The Company’s products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad. The Company’s other product solutions include dual pointing solutions, TouchStyk, and TouchButtons. The Company’s dual pointing solutions offer TouchPad with a pointing stick in a single notebook computer, enabling users to select their interface of choice. TouchStyk is a self-contained pointing stick module that uses capacitive technology similar to that used in its TouchPad. TouchButtons provide capacitive buttons and scrolling controls for an interface solution designed to replace mechanical buttons.
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By Nellie Frank