Synaptics Inc (SYNA) Files Form 4 Insider Selling : Rick Bergman Sells 10,000 Shares

Synaptics Inc (SYNA): Rick Bergman , President and CEO of Synaptics Inc sold 10,000 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $66.14 per share for a total value of $659,933.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 10, 2016, Rick Bergman (President and CEO) sold 10,000 shares at $83.99 per share price.On Feb 2, 2016, Scott Deutsch (SVP of Worldwide Sales) sold 2,709 shares at $74.02 per share price.Also, On Nov 12, 2015, Richard L Sanquini (director) sold 1,124 shares at $91.66 per share price.On Nov 10, 2015, James L Whims (director) sold 26,000 shares at $93.00 per share price.

Synaptics Incorporated: On Tuesday, May 10, 2016 heightened volatility was witnessed in Synaptics Incorporated which led to swings in the share price. The shares opened for trading at $65.72 and hit $66.28 on the upside , eventually ending the session at $65.98, with a gain of 0.37% or 0.24 points. The heightened volatility saw the trading volume jump to 6,16,925 shares. The 52-week high of the share price is $102.5 and the company has a market cap of $2,431 M . The 52-week low of the share price is at $57.02.

Synaptics Incorporated Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synaptics Incorporated is Downgraded by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 75 from a previous price target of $95 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 29, 2016.Synaptics Incorporated is Downgraded by Northland Capital to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.Synaptics Incorporated is Reiterated by Craig Hallum to Buy while Lowering the Price Target of the company shares to $ 85 from a previous price target of $90 . The Rating was issued on Apr 29, 2016.Synaptics Incorporated is Downgraded by BMO Capital Markets to Market Perform while Lowering the Price Target of the company shares to $ 69 from a previous price target of $100 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.Synaptics Incorporated is Initiated by Rosenblatt to Buy and the brokerage firm has set the Price Target at $118. The Rating was issued on Mar 8, 2016.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing communications entertainment and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones tablets and notebook PCs. The TouchPad family including ClickPad and ForcePad is integrated into the majority of today’s notebook PCs. Natural ID fingerprint sensor technology enables authentication mobile payments and touch-based navigation for smartphones tablets and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions as well as key technologies for next generation touch-enabled video and display applications.

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Synaptics Incorporated - Is it time to Sell?

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