Vikram Gupta Sells 2,731 Shares of Synaptics Incorporated (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 2,731 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $80.00, for a total value of $218,480.00. Following the sale, the insider now directly owns 43,245 shares in the company, valued at $3,459,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vikram Gupta also recently made the following trade(s):

• On Wednesday, August 28th, Vikram Gupta sold 1,008 shares of Synaptics stock. The stock was sold at an average price of $80.00, for a total value of $80,640.00.
• On Friday, August 23rd, Vikram Gupta sold 1,870 shares of Synaptics stock. The stock was sold at an average price of $80.00, for a total value of $149,600.00.

Synaptics Stock Performance

SYNA opened at $77.27 on Thursday. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37. The firm has a market capitalization of $3.08 billion, a PE ratio of -28.51 and a beta of 1.47. The company has a current ratio of 4.19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $76.91 and its 200 day moving average price is $86.22.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The business had revenue of $247.40 million for the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, sell-side analysts expect that Synaptics Incorporated will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

SYNA has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 9th. KeyCorp lowered their target price on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC cut their price target on Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Craig Hallum cut their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and an average target price of $105.44.

Institutional Trading of Synaptics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Algert Global LLC grew its holdings in shares of Synaptics by 27.1% in the second quarter. Algert Global LLC now owns 35,047 shares of the software maker’s stock valued at $3,091,000 after purchasing an additional 7,467 shares during the period. Squarepoint Ops LLC purchased a new position in Synaptics during the second quarter worth about $941,000. Point72 Asset Management L.P. boosted its holdings in Synaptics by 15,571.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after purchasing an additional 809,712 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Synaptics by 1,121.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,021 shares of the software maker’s stock valued at $1,589,000 after buying an additional 16,546 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of Synaptics during the 2nd quarter worth approximately $318,000. 99.43% of the stock is owned by institutional investors and hedge funds.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.