Synaptics Incorporated (NASDAQ:SYNA) has tumbled 12.24% during the past week and has dropped 16.49% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 11.19%. Synaptics Incorporated (NASDAQ:SYNA) has underperformed the index by 17.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Synaptics Incorporated (NASDAQ:SYNA): The stock opened at $58.77 on Friday but the bulls could not build on the opening and the stock topped out at $59.10 for the day. The stock traded down to $52.85 during the day, due to lack of any buying support eventually closed down at $53.85 with a loss of -10.99% for the day. The stock had closed at $60.50 on the previous day. The total traded volume was 5,760,329 shares.
The company shares have dropped -42.44% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $97.25 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $65.11 and the 200 Day Moving Average price is recorded at $74.89.
On the companys insider trading activities,The director officer (President and CEO) of Synaptics Inc, Bergman Rick sold 10,000 shares at $67.39 on June 1, 2016. The Insider selling transaction had a total value worth of $673,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Mizuho Securities downgrades the rating on Synaptics Incorporated (NASDAQ:SYNA). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 29, 2016. Currently the company Insiders own 3.4% of Synaptics Incorporated shares according to the proxy statements. Institutional Investors own 92.26% of Synaptics Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -30.1%.
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 todays 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.