A Director at Synaptics Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at Synaptics Inc (NASDAQ: SYNA), Nelson Chan, exercised options to buy 6,000 SYNA shares at $32.53 a share, for a total transaction value of $195.2K. The options were close to expired and Nelson Chan retained stocks.

Following this transaction Nelson Chan’s holding in the company was increased by 26.99% to a total of $1.3 million. This is Chan’s first Buy trade following 4 Sell transactions.

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Currently, Synaptics Inc has an average volume of 310.9K.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $55.17, reflecting a 19.2% upside. Four different firms, including Craig-Hallum and J.P. Morgan, currently also have a Buy rating on the stock.

Nelson Chan’s trades have generated a -18.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.