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. Lee now owns $2,731,980 of stock as reported to the SEC. Director Jeffrey D. Buchanan disclosed the sale of 5,672 shares of SYNA stock. The shares were purchased at an average price of $60.00. Buchanan now owns $317,460 of the stock per the Form 4 SEC filing.
Jeffrey D. Buchanan, Director sold $525,844 worth of shares at an average price of $56.09 on June 1st. The Director now owns $380,907 of the stock as recorded in a recent Form 4 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 sold 382 shares trimming its holdings by 85.3%. The value of the company’s investment in Synaptics Incorporated decreased from $24,000 to $3,000 a change of 87.5% quarter to quarter. Schroder Investment Management Group reduced its stake by selling 112,719 shares a decrease of 20.5% as of 03/31/2017. Schroder Investment Management Group claims 437,812 shares with a value of $21,759,000. The total value of its holdings decreased 26.2%.
As of quarter end Goldman Sachs Group Inc had acquired a total of 4,230 shares growing its stake by 71.0%. The value of the investment in SYNA went from $319,000 to $504,000 a change of $185,000 since the last quarter. Macquarie Group Ltd downsized its ownership by shedding 11,804 shares a decrease of 2.9% in the quarter. Macquarie Group Ltd currently owns 398,669 shares worth $19,738,000. The value of the position overall is down by 10.3%.
On December 12 the company was rated “Underperform” in a report from Oppenheimer which is down from the previous “Perform” rating. On October 28, 2016 the stock rating was set at “Hold” according to a Needham report down from the previous “Buy” rating.
On October 28 the company was downgraded to “Hold” from “Buy” in an announcement from Craig-Hallum. On October 13 the stock rating was upgraded from “” to “Buy” in a statement from Mizuho.
On April 29 the stock rating was downgraded from “Buy” to “Neutral” in a report from Mizuho Securities. On April 15 the company was changed to a “Hold” by Cross Research which was 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 just above $55.52, the 50 day moving average and a tad above the 200 day moving average of $54.09. The 50 day moving average went up $4.14 or +7.46% whereas the 200 day average was up by +10.30%.
The P/E ratio is currently 89.85 and the market cap of the company is 2.05B. In the last earnings report the EPS was $0.66 and is estimated to be $4.90 for the current year with 34,304,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.31 with next year’s EPS anticipated to be $5.11.
Investors are more bullish on Synaptics Incorporated lately if you watch the motion in short interest. The stock experienced a fall in short interest of -7.09% between April 28, 2017 and May 15, 2017. Short interest decreased from 6,106,059 to 5,673,107 over that timeframe. With short interest at 5,673,107 and short average daily volume at 569,020, the short-interest ratio is 10.0 and the short interest percentage is 0.17% as of May 15.