A Director at Synaptics is Exercising Options

Yesterday it was reported that a Director at Synaptics (SYNA), Jeffrey Buchanan, exercised options to sell 2,400 SYNA shares at $62.10 a share, for a total transaction value of $287.8K.

Following Jeffrey Buchanan’s last SYNA Sell transaction on April 28, 2010, the stock climbed by 91.3%. In addition to Jeffrey Buchanan, one other SYNA executive reported Sell trades in the last month.

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The company has a one-year high of $125.88 and a one-year low of $44.41. Currently, Synaptics has an average volume of 545.23K. SYNA’s market cap is $4.29 billion and the company has a P/E ratio of 30.90.

Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $129.44, reflecting a -5.1% downside.

The insider sentiment on Synaptics has been negative according to 86 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Synaptics, Inc. engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices. It operates through the following geographical segments: China, Japan, United States, South Korea, Taiwan, and Other. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.

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