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

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 4,277 shares of Synaptics stock in a transaction 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 sale, the insider owned 99,191 shares in the company, valued at $9,372,557.59. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 stock was sold at an average price of $103.65, for a total value of $443,311.05.
• On Monday, July 27th, Vikram Gupta sold 360 shares of Synaptics stock. The shares were sold at an average price of $114.20, for a total value of $41,112.00.

Synaptics Trading Up 2.0%

Shares of Synaptics stock opened at $97.59 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of -7.71 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 debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a fifty day moving average price of $114.05 and a 200-day moving average price of $103.74.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Synaptics by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock valued at $5,780,000 after purchasing an additional 4,917 shares during the last quarter. M&T Bank Corp bought a new position in shares of Synaptics in the 2nd quarter worth $205,000. First Trust Advisors LP increased its holdings in shares of Synaptics by 9.8% in the 2nd quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after buying an additional 5,393 shares during the last quarter. Marshall Wace LLP raised its position in shares of Synaptics by 472.1% during the 2nd quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock valued at $5,801,000 after buying an additional 73,848 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Synaptics by 9.1% during the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after acquiring an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SYNA. Weiss Ratings downgraded shares of Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Mizuho lifted their price target on shares of Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. raised their target price on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synaptics presently has an average rating of “Hold” and a consensus price target of $123.91.

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.