November 28, 2016 - By Michael Collier
Rick Bergman who is the present President and CEO of Synaptics Inc a few days ago sold 3,900 shares of the public firm. The insider trade has $214,641 USD total value, at an average stock price per share of $55.0. He also unloaded 10,100 shares with a total value of about $556,079 USD in the last 30 days. And, It’s sure Rick’s transaction isn’t going to stay a secret as he currently is having ownership of 95,488 shares – ( 0.28% of Synaptics Inc’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 54.99% above today’s ($53.34) stock price. Synaptics Inc has been the topic of 33 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Cross Research downgraded the stock to “Hold” rating in Friday, April 15 report. On Friday, April 29 the stock rating was downgraded by Mizuho to “Neutral”. The stock of Synaptics, Incorporated (NASDAQ:SYNA) has “Perform” rating given on Wednesday, January 20 by Oppenheimer. Mizuho maintained the stock with “Neutral” rating in Thursday, June 16 report. Mizuho maintained the shares of SYNA in a report on Friday, July 31 with “Buy” rating. The rating was maintained by Northland Capital with “Outperform” on Friday, October 23. Redstone Technology initiated Synaptics, Incorporated (NASDAQ:SYNA) on Monday, April 11 with “Positive” rating. On Wednesday, July 6 the stock rating was downgraded by Lake Street to “Hold”. The stock has “Buy” rating given by Dougherty & Company on Friday, July 31. The rating was downgraded by Craig Hallum on Friday, October 28 to “Hold”.
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.12, from 0.79 in 2016Q1. The ratio increased, 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.
Alliancebernstein Lp accumulated 496,320 shares or 0.02% of the stock. Lombard Odier Asset Mngmt (Usa) Corp has 0.55% invested in the company for 84,797 shares. Lpl Financial Lc, a California-based fund reported 8,100 shares. Gru Inc, a New York-based fund reported 91,517 shares. Mutual Of America Cap Mngmt reported 48,714 shares or 0.06% of all its holdings. Victory Cap Management Incorporated last reported 0% of its portfolio in the stock. Stevens Ltd Partnership has 7,660 shares for 0.02% of their US portfolio. Ls Limited Liability Co owns 2,178 shares or 0.01% of their US portfolio. Blackrock Invest Mgmt Limited Liability Company holds 0.02% or 228,905 shares in its portfolio. Gemmer Asset Mngmt Lc accumulated 42 shares or 0% of the stock. Ladenburg Thalmann Ser holds 0% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA) for 377 shares. Clinton Group Inc holds 0.21% or 90,631 shares in its portfolio. Millennium Llc has invested 0.02% of its portfolio in Synaptics, Incorporated (NASDAQ:SYNA). Tealwood Asset Mgmt Incorporated accumulated 1.05% or 43,420 shares. Johnson Finance Group Inc last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 10 sales for $2.66 million net activity. Ali Wajid also sold $48,411 worth of Synaptics, Incorporated (NASDAQ:SYNA) shares. Bergman Rick also sold $5,500 worth of Synaptics, Incorporated (NASDAQ:SYNA) on Monday, November 21. Barber Kevin D had sold 10,140 shares worth $557,700. Another trade for 2,778 shares valued at $166,680 was sold by McFarland John. Deutsch Scott sold $55,540 worth of stock or 983 shares.
The stock decreased 2.93% or $1.61 during the last trading session, hitting $53.34. About 301,253 shares traded hands. Synaptics, Incorporated (NASDAQ:SYNA) has declined 35.03% since April 25, 2016 and is downtrending. It has underperformed by 41.05% 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 $1.86 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 38.63 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.”
Analysts await Synaptics, Incorporated (NASDAQ:SYNA) to report earnings on January, 26. They expect $1.03 EPS, down 19.53% or $0.25 from last year’s $1.28 per share. SYNA’s profit will be $35.92M for 12.95 P/E if the $1.03 EPS becomes a reality. After $0.62 actual EPS reported by Synaptics, Incorporated for the previous quarter, Wall Street now forecasts 66.13% EPS growth.
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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