Synaptics Incorporated (SYNA) Insider Trading: What Insights Can Be Gained?

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As of Wednesday close, Synaptics Incorporated’s (NASDAQ:SYNA) stock was up $1.28, moving up 1.26 percent to $103.26. The average number of shares traded per day over the past five days has been 359,860 shares. 3 times new highs have been achieved over the past 5 days, with a $4.26 gain in that time frame. In the last twenty days, the average volume was 569,990, while in the previous 50 days, it was 581,478.

Since last month, SYNA stock rose 11.04%. Shares of the company fell to $81.13 on 11/03/22, the lowest level in the past month. A 52-week high of $299.39 was reached on 01/03/22 after having rallying from a 52-week low of $81.13. Since the beginning of this year, SYNA’s stock price has dropped by -64.33% or -$186.25, and marked a new high 1 time. However, the stock has declined by -65.51% since its 52-week high.


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SYNA stock investors should be aware that Synaptics Incorporated (SYNA) stock had its last reported insider trading activity 6 days ago on Nov 18. Butler Dean Warren, the of the company, disposed of 11,866 shares for $102.52 on Nov 18. It resulted in a $1,216,502 divestment by the insider. McFarland John sold 500 shares at an average price of $102.52 on Nov 18. The insider now owns 11,054 shares following the transaction. On Nov 11, Awsare Saleel sold 1,822 shares at $106.58 apiece. The transaction was valued at $194,183.

Valuation Metrics

Right now, Synaptics Incorporated (SYNA) has a P/E ratio of about 14.91. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 2.24, the price-to-book (PB) ratio of 3.10, and the price-to-cash flow ratio of 9.03 may also be considered.

Financial Health

In the three months ended June 29, Synaptics Incorporated’s quick ratio stood at 3.40, while its current ratio was 3.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.74, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 55.10% percent. In the year ended June 29, operating margins totaled 22.10%. Based on annual data, SYNA earned $943.1 million in gross profit and brought in $1.74 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.40%. Return on equity (ROE) for the past 12 months was 23.40%.

In Synaptics Incorporated’s quarter-end financial report for June 29, it reported total debt of $974.8 million against cash and short-term investments of $44.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SYNA’s revenue rose 16.83% to $476.4 million during the quarter, while net income inched up to $448.1 million. While analysts expected Synaptics Incorporated to report $3.67 quarterly earnings, the actual figure was $3.87 per share, beating the consensus estimate by 5.40%. During the quarter, the company generated $157.1 million in EBITDA. The liabilities of Synaptics Incorporated were 1.5 billion at the end of its most recent quarter ended June 29, and its total debt was $1.04 billion. The value of shareholders’ equity is $39.87 million.

Technical Picture

This quick technical analysis looks at Synaptics Incorporated’s (SYNA) price momentum. With a historical volatility rate of 50.87%, the RSI 9-day stood at 58.92% on 23 November.

With respect to its five-day moving average, the current Synaptics Incorporated price is up by +4.30% percent or $4.26. At present, SYNA shares trade +12.19% above its 20-day simple moving average and -10.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.13% below its SMA50 and -52.36% below its SMA200.

Stochastic coefficient K was 76.62% and Stochastic coefficient D was 74.98%, while ATR was 5.04. Given the Stochastic reading of 81.67% for the 14-day period, the RSI (14) reading has been calculated as 56.17%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at 2.67.

Analyst Ratings

Synaptics Incorporated downgraded its rating on Synaptics Incorporated (NASDAQ: SYNA) to a Hold in a note to investors on May 06, 2022. The analysts firm previously had a Buy rating on the stock.Synaptics Incorporated (SYNA) has been rated Buy by analysts. According to 0 brokerage firms, SYNA is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Synaptics Incorporated stock as buy, with 8 recommending it as overweight.

With a median target price of $117.50, the current consensus forecast for the stock is $90.00 – $160.00. Based on these forecasts, analysts predict Synaptics Incorporated (SYNA) will achieve an average price target of $120.50.

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