Insider Selling: Synaptics Incorporated (NASDAQ:SYNA) Insider Sells 259 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 259 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $90.00, for a total transaction of $23,310.00. Following the completion of the sale, the insider now directly owns 30,835 shares of the company’s stock, valued at $2,775,150. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, June 13th, Vikram Gupta sold 258 shares of Synaptics stock. The shares were sold at an average price of $95.10, for a total transaction of $24,535.80.

Synaptics Stock Down 0.8 %

Shares of SYNA stock opened at $85.87 on Thursday. Synaptics Incorporated has a 12 month low of $73.38 and a 12 month high of $121.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.78 and a current ratio of 5.32. The firm’s 50 day moving average is $90.34 and its 200 day moving average is $99.83.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The business had revenue of $237.30 million for the quarter, compared to analysts’ expectations of $235.17 million. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, research analysts expect that Synaptics Incorporated will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. KeyCorp reduced their target price on shares of Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Wells Fargo & Company reduced their target price on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Needham & Company LLC reduced their target price on shares of Synaptics from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, TD Cowen reduced their target price on shares of Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.67.

Institutional Trading of Synaptics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Synaptics by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker’s stock worth $419,691,000 after purchasing an additional 72,044 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Synaptics by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker’s stock valued at $369,500,000 after buying an additional 116,276 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Synaptics by 3.4% during the 4th quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock valued at $156,718,000 after buying an additional 44,548 shares in the last quarter. FMR LLC raised its position in shares of Synaptics by 39.3% during the 3rd quarter. FMR LLC now owns 1,124,544 shares of the software maker’s stock valued at $100,579,000 after buying an additional 317,307 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Synaptics by 49.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 437,966 shares of the software maker’s stock valued at $39,172,000 after buying an additional 144,252 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

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.