Synaptics Incorporated (NASDAQ:SYNA) Insider Sells $218,480.00 in Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 2,731 shares of Synaptics stock in a transaction on Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the transaction, the insider now directly owns 43,245 shares of the company’s stock, valued at approximately $3,459,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 28th, Vikram Gupta sold 1,008 shares of Synaptics stock. The shares were 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 Price Performance

Shares of NASDAQ SYNA opened at $75.39 on Wednesday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -27.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. Synaptics Incorporated has a fifty-two week low of $67.83 and a fifty-two week high of $121.37. The firm’s 50-day simple moving average is $77.26 and its 200 day simple moving average is $86.38.

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

Institutional Investors Weigh In On Synaptics

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Synaptics in the 1st quarter valued at about $586,000. UBS Group AG increased its stake in Synaptics by 26.8% in the 4th quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock valued at $12,031,000 after buying an additional 22,308 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Synaptics by 27.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker’s stock valued at $2,807,000 after buying an additional 6,276 shares during the last quarter. Point72 Asset Management L.P. increased its stake 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 buying an additional 809,712 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Synaptics by 88.7% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock valued at $14,200,000 after buying an additional 75,680 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SYNA. Needham & Company LLC reduced their price objective on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 9th. KeyCorp dropped their price objective on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Craig Hallum decreased their target price on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, TD Cowen cut their price target on Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.44.

Synaptics Company Profile

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.