Large Outflow of Money Witnessed in Synaptics Incorporated

Synaptics Incorporated (SYNA) managed to stay afloat and traded higher with an addition of 0.32 point or 0.57% at $56.7. The money flow data is a negative $(-6.74) million with $6.58 million in upticks and $13.32 million in downticks. The intraday up/down ratio came in at 0.49. The shares has seen 4.3% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $7.01, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-7.01) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Synaptics Incorporated has dropped 5.28% in the last five trading days, however, the shares have posted positive gains of 5.82% in the last 4 weeks. Synaptics Incorporated is up 8.79% in the last 3-month period. Year-to-Date the stock performance stands at 5.82%. Synaptics Incorporated (NASDAQ:SYNA) rose 0.57% or 0.32 points on Wednesday and made its way into the gainers of the day. After trading began at $56.96 the stock was seen hitting $57.67 as a peak level and $56.21 as the lowest level. The stock ended up at $56.7. The daily volume was measured at 793,503 shares. The 52-week high of the share price is $90.91 and the 52-week low is $47.09. The company has a market cap of $2,002 million.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Wajid Ali (Senior VP and CFO) sold 2,233 shares at 59.08 per share price.On Dec 8, 2016, Rick Bergman (President and CEO) sold 10,000 shares at 55.02 per share price.On Nov 15, 2016, Scott Deutsch (SVP of Worldwide Sales) sold 983 shares at 56.50 per share price.

Synaptics Incorporated Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.17. Analyst had a consensus of $1.32. The company had revenue of $461.30 million for the quarter, compared to analysts expectations of $450.62 million. The companys revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.60 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Lake Street on Jan 27, 2017 to Hold, Raises Price Target to $ 61 from a previous price target of $57 .Synaptics Incorporated was Downgraded by Oppenheimer to Underperform on Dec 12, 2016.

Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices.


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