Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 772 shares of Synaptics stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $85.00, for a total value of $65,620.00. Following the transaction, the insider owned 96,768 shares of the company’s stock, valued at $8,225,280. The trade was a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Vikram Gupta also recently made the following trade(s):
- On Wednesday, December 17th, Vikram Gupta sold 694 shares of Synaptics stock. The shares were sold at an average price of $75.00, for a total value of $52,050.00.
- On Friday, December 12th, Vikram Gupta sold 694 shares of Synaptics stock. The stock was sold at an average price of $80.07, for a total value of $55,568.58.
Synaptics Stock Down 0.7%
Synaptics stock traded down $0.64 during mid-day trading on Wednesday, reaching $84.76. The stock had a trading volume of 606,915 shares, compared to its average volume of 790,836. Synaptics Incorporated has a one year low of $41.80 and a one year high of $97.00. The company has a 50-day moving average price of $82.65 and a two-hundred day moving average price of $73.66. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -53.31, a PEG ratio of 3.24 and a beta of 1.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in shares of Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Hantz Financial Services Inc. grew its holdings in Synaptics by 143.9% during the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after purchasing an additional 351 shares during the period. Optiver Holding B.V. grew its holdings in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Leonteq Securities AG purchased a new stake in Synaptics in the fourth quarter worth about $43,000. Finally, Nisa Investment Advisors LLC increased its position in Synaptics by 50.3% in the second quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after buying an additional 237 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Synaptics in a report on Tuesday, December 16th. Barclays restated an “overweight” rating and set a $100.00 target price on shares of Synaptics in a research note on Thursday, January 15th. Susquehanna lifted their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of Synaptics in a report on Friday, February 6th. Finally, Craig Hallum restated a “hold” rating and issued a $80.00 target price on shares of Synaptics in a report on Friday, February 6th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.91.
Get Our Latest Stock Report on Synaptics
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.
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