Synaptics (NASDAQ:SYNA) Insider Vikram Gupta Sells 4,277 Shares

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 4,277 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $94.49, for a total value of $404,133.73. Following the completion of the transaction, the insider owned 99,191 shares in the company, valued at $9,372,557.59. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Vikram Gupta sold 4,277 shares of Synaptics stock. The shares were sold at an average price of $103.65, for a total transaction of $443,311.05.
• On Monday, July 27th, Vikram Gupta sold 360 shares of Synaptics stock. The stock was sold at an average price of $114.20, for a total transaction of $41,112.00.

Synaptics Stock Up 0.9%

SYNA stock opened at $95.70 on Thursday. The firm has a market cap of $3.74 billion, a PE ratio of -7.57 and a beta of 1.99. Synaptics Incorporated has a 1 year low of $58.28 and a 1 year high of $149.11. The company has a fifty day simple moving average of $114.91 and a 200 day simple moving average of $103.68. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Synaptics Incorporated will post 1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Craig Hallum set a $105.00 target price on Synaptics in a report on Friday, August 7th. Wells Fargo & Company dropped their price target on shares of Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Northland Securities downgraded shares of Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Susquehanna lowered their target price on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Finally, Mizuho lifted their target price on shares of Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.91.

Hedge Funds Weigh In On Synaptics

A number of hedge funds and other institutional investors have recently made changes to their positions in SYNA. Louisiana State Employees Retirement System acquired a new position in shares of Synaptics during the first quarter valued at $784,000. Intech Investment Management LLC lifted its holdings in Synaptics by 186.4% in the fourth quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock valued at $5,203,000 after buying an additional 45,746 shares during the period. FNY Investment Advisers LLC bought a new position in Synaptics in the second quarter valued at approximately $1,428,000. Geode Capital Management LLC grew its holdings in Synaptics by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after acquiring an additional 17,088 shares during the period. Finally, Trigran Investments Inc. grew its holdings in Synaptics by 4.7% during the 4th quarter. Trigran Investments Inc. now owns 692,587 shares of the software maker’s stock worth $51,265,000 after acquiring an additional 31,150 shares during the period. 99.43% of the stock is owned by institutional investors.

About Synaptics

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.