Here is the rundown on market activity for Synaptics Incorporated (NASDAQ:SYNA). Director Francis F. Lee sold 56,000 shares at an average price of $60.00 on Wed the 7th. The Director now owns $2,731,980 of the stock per an SEC filing yesterday. Director Jeffrey D. Buchanan disclosed the sale of 5,672 shares. The shares were sold on June 7th for an average price of $60.00. Buchanan now owns $317,460 of the stock per the Form 4 SEC filing.
Jeffrey D. Buchanan, Director disclosed the sale of 9,375 shares of (SYNA). The shares were purchased at an average price of $56.09. The Director now owns $380,907 of the stock according to the SEC filing.
Synaptics Incorporated, launched on January 7, 2002, is involved in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company 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. Its products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad. Its other product solutions include dual pointing solutions, TouchStyk, and TouchButtons. Its 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..
These firms have also modified their investment in SYNA. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 382 shares trimming its position 85.3%. The value of the investment in Synaptics Incorporated decreased from $24,000 to $3,000 a change of $21,000 for the reporting period. Schroder Investment Management Group downsized its investment by shedding 112,719 shares a decrease of 20.5% in the quarter. Schroder Investment Management Group currently owns 437,812 shares worth $21,759,000. The total value of its holdings decreased 26.2%.
As of quarter end Goldman Sachs Group Inc had bought 4,230 shares growing its stake by 71.0%. The value of the investment in (SYNA) went from $319,000 to $504,000 increasing 58.0% quarter over quarter. Macquarie Group Ltd trimmed its holdings by selling 11,804 shares a decrease of 2.9% from 12/31/2016 to 03/31/2017. Macquarie Group Ltd controls 398,669 shares valued at $19,738,000. The value of the position overall is down by 10.3%.
On December 12 the company was downgraded from “Perform” to “Underperform” in a report from Oppenheimer. On October 28 the company was rated “Hold” in a report from Needham which was a cut from the previous “Buy” rating.
On October 28 the stock rating was downgraded to “Hold” from “Buy” in a statement from Craig-Hallum. On October 13 the stock rating was upgraded to “Buy” from “” in an announcement from Mizuho.
On April 29 the company was downgraded to “Neutral” from “Buy” by Mizuho Securities. On April 15, 2016 the stock rating was changed to a “Hold” by Cross Research a cut from the previous “Buy” rating.
The company is down by -7.14% since yesterday’s close of $64.25. Company shares last traded at $59.66 which is marginally higher than the 50 day moving average which is $55.52 and which is a tad above the 200 day moving average of $54.09. The 50 day moving average was up $4.14 or +7.46% and the 200 day average went up $5.57 or +10.30%.
The P/E ratio is currently 89.85 and the market cap is 2.05B. As of the last earnings report the EPS was $0.66 and is expected to be $4.90 for the current year with 34,304,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.31 with next year’s EPS projected to be $5.11.
Short traders are feeling a little more bullish on Synaptics Incorporated of late as evidenced by the fall in short interest. The company had a fall in short interest of -7.09% as of May 15, 2017 from the last reporting period. Short interest decreased 432,952 over that timeframe. Days to cover increased 1.8 to 10.0 and the percentage of shorted shares was 0.17% on May 15.