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 Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $67.39 per share for a total value of $671,089.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Rick Bergman (President and CEO) sold 10,000 shares at $66.14 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.

Shares of Synaptics Incorporated (SYNA) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.27% at $67.65 with 7,20,693 shares getting traded. Post opening the session at $67.39, the shares hit an intraday low of $66.49 and an intraday high of $68.43 and the price vacillated in this range throughout the day. The company has a market cap of $2,492 M and the number of outstanding shares has been calculated to be 3,68,43,461 shares. The 52-week high of Synaptics Incorporated is $102.5 and the 52-week low is $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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