Taking a Closer Look At Synaptics Incorporated (SYNA) Following Its Recent Trade

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Synaptics Incorporated’s filing revealed that its SVP, General Counsel & Sec. McFarland John unloaded Company’s shares for reported $1.09 million on Nov 07. In the deal valued at $88.50 per share,12,299 shares were sold. As a result of this transaction, McFarland John now holds 11,403 shares worth roughly $ 1.05 million.

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Then, Awsare Saleel sold 4,000 shares, generating $492,001 in total proceeds. Upon selling the shares at $123.00, the insider now owns 34,608 shares.

Before that, Awsare Saleel sold 4,000 shares. Synaptics Incorporated shares valued at $534,307 were divested by the insider at a price of $133.58 per share. As a result of the transaction, Awsare Saleel now holds 38,608 shares, worth roughly $3.55 million.

Summit Insights downgraded its Synaptics Incorporated [SYNA] rating to a Hold from a a Buy in a research note published on Monday. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early April with a ‘”an Equal weight”‘ rating. Cowen also remained covering SYNA and reiterated its “an Outperform” recommendation on December 08, 2021. Summit Insights revised its rating on November 05, 2021. It rated SYNA as “a Buy” which previously was an “a Hold”.

Price Performance Review of SYNA

On Monday, Synaptics Incorporated [NASDAQ:SYNA] saw its stock jump 4.25% to $91.94. On the same session, the stock had its day’s lowest price of $86.165, but rose to a high of $92.22. Over the last five days, the stock has gained 3.77%. Synaptics Incorporated shares have fallen nearly -68.24% since the year began. Nevertheless, the stocks have fallen -63.11% over the past one year. While a 52-week high of $299.39 was reached on 01/03/22, a 52-week low of $81.13 was recorded on 11/03/22. SMA at 50 days reached $100.07, while 200 days put it at $148.67. A total of 0.82 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For SYNA Stock

The 24-hour chart illustrates a support level at 88.00, which if violated will result in even more drops to 84.05. On the upside, there is a resistance level at 94.05. A further resistance level may holdings at 96.16. The Relative Strength Index (RSI) on the 14-day chart is 48.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.69%. Stochastics %K at 42.99% indicates the stock is a holding.

How much short interest is there in Synaptics Incorporated?

A steep rise in short interest was recorded in Synaptics Incorporated stocks on Jul 14, 2022, growing by 0.24 million shares to a total of 4.04 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.8 million shares. There was a rise of 5.94%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 18.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.62.

Synaptics Incorporated [SYNA] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 5,437,526 shares, or roughly 13.60% of the outstanding SYNA shares. In other words, the investor’s shares have fallen by -159,868 from its previous 13-F filing of 5597394.0. Additionally, BlackRock Fund Advisors increased 0.13% of its stake after which the total value it holdings stand at $440,091,925, while The Vanguard Group, Inc. added 3.70% of its stake to hold $394.91 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 166,124 shares of Synaptics Incorporated, while Columbia Management Investment Ad bought 165,625 shares. At present, SSgA Funds Management, Inc. is holding 1,449,123 shares valued at $143.48 million. AllianceBernstein LP owned 1,232,366 shares of the company at the time of its most recent 13F filing, worth $122.02 million.

According to FactSet, Synaptics Incorporated’s share price will average $120.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.24 percent from its previous closing price of $88.19. Analysts expect Synaptics Incorporated stock to reach the higher price of $160.00, while the lowest price estimate is $90.00. However, 11 analysts have rated SYNA stock as a Buy in their predictions for 2022. The most recent change occurred on October 05, 2021 when KeyBanc Capital Markets resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $230.


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