Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 772 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $85.00, for a total transaction of $65,620.00. Following the sale, the insider owned 96,768 shares in the company, valued at approximately $8,225,280. The trade was a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Vikram Gupta also recently made the following trade(s):
- On Wednesday, December 17th, Vikram Gupta sold 694 shares of Synaptics stock. The stock was sold at an average price of $75.00, for a total transaction of $52,050.00.
- On Friday, December 12th, Vikram Gupta sold 694 shares of Synaptics stock. The stock was sold at an average price of $80.07, for a total transaction of $55,568.58.
Synaptics Price Performance
Shares of SYNA stock traded down $0.64 on Wednesday, hitting $84.76. 606,915 shares of the stock traded hands, compared to its average volume of 790,836. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $97.00. The firm has a 50 day simple moving average of $82.65 and a two-hundred day simple moving average of $73.66. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -53.31, a PEG ratio of 3.24 and a beta of 1.72.
Analyst Upgrades and Downgrades
SYNA has been the subject of several research analyst reports. Northland Securities raised their target price on shares of Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, December 29th. Barclays restated an “overweight” rating and set a $100.00 price objective on shares of Synaptics in a research report on Thursday, January 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Synaptics in a report on Tuesday, December 16th. Rosenblatt Securities increased their price target on Synaptics from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Synaptics from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.91.
Get Our Latest Report on Synaptics
Institutional Investors Weigh In On Synaptics
Several large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its position in Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Hantz Financial Services Inc. increased its position in shares of Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after purchasing an additional 351 shares during the last quarter. Optiver Holding B.V. increased its position in shares of Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Leonteq Securities AG purchased a new stake in Synaptics during the 4th quarter valued at $43,000. Finally, Nisa Investment Advisors LLC lifted its position in Synaptics by 50.3% in the second quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after buying an additional 237 shares during the last quarter. 99.43% of the stock is owned by institutional investors.
Synaptics Company Profile
Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.
Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.
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