Synaptics Incorporated (NASDAQ:SYNA) Insider Vikram Gupta Sells 2,731 Shares

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

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 transaction 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 transaction of $149,600.00.

Synaptics Trading Down 1.1 %

NASDAQ:SYNA traded down $0.90 during trading hours on Monday, hitting $77.58. The stock had a trading volume of 207,254 shares, compared to its average volume of 308,247. Synaptics Incorporated has a one year low of $67.83 and a one year high of $121.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -28.96 and a beta of 1.47. The business’s 50 day moving average is $77.54 and its 200-day moving average is $86.54.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm had revenue of $247.40 million during the quarter, compared to the consensus estimate of $245.17 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts anticipate that Synaptics Incorporated will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Synaptics

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Synaptics during the first quarter worth $586,000. UBS Group AG increased its position in shares of Synaptics by 26.8% during the fourth quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock worth $12,031,000 after acquiring an additional 22,308 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Synaptics by 27.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker’s stock worth $2,807,000 after acquiring an additional 6,276 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Synaptics by 15,571.4% during the second quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock worth $71,875,000 after acquiring an additional 809,712 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Synaptics by 88.7% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock worth $14,200,000 after acquiring an additional 75,680 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SYNA shares. KeyCorp reduced their target price on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Craig Hallum reduced their target price on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen reduced their target price on shares of Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Needham & Company LLC dropped their price target on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.44.

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.