Synaptics, Incorporated (NASDAQ:SYNA) shares hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $29.66 and last traded at $30.47, with a volume of 43811 shares traded. The stock had previously closed at $32.43.

Specifically, insider Kermit Nolan sold 10,000 shares of Synaptics stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the transaction, the insider now directly owns 65,611 shares in the company, valued at $2,722,200.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Mcfarland sold 2,829 shares of Synaptics stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $33.76, for a total value of $95,507.04. Following the transaction, the senior vice president now owns 21,871 shares of the company’s stock, valued at $738,364.96. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target (down from $45.00) on shares of Synaptics in a research report on Friday, May 10th. Mizuho cut their price objective on Synaptics from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Craig Hallum restated a “buy” rating and issued a $47.00 price objective (down from $48.00) on shares of Synaptics in a research report on Monday, April 8th. BidaskClub cut Synaptics from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets cut their price objective on Synaptics to $29.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Synaptics presently has a consensus rating of “Hold” and an average price target of $44.40.

The company has a quick ratio of 2.56, a current ratio of 3.19 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.12 billion, a P/E ratio of 15.21 and a beta of 0.86.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 9th. The software maker reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.52. The firm had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $345.30 million. Synaptics had a return on equity of 15.21% and a net margin of 1.39%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, analysts expect that Synaptics, Incorporated will post 2.94 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Synaptics by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock worth $160,194,000 after buying an additional 295,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Synaptics by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,741,214 shares of the software maker’s stock valued at $64,791,000 after purchasing an additional 142,207 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Synaptics by 36.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,283,764 shares of the software maker’s stock valued at $47,769,000 after purchasing an additional 342,909 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Synaptics by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 897,502 shares of the software maker’s stock valued at $35,675,000 after purchasing an additional 54,409 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Synaptics by 190.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 610,000 shares of the software maker’s stock valued at $24,248,000 after purchasing an additional 400,000 shares during the last quarter. 98.56% of the stock is currently owned by institutional investors.

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About Synaptics (NASDAQ:SYNA)

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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