Insider Selling: Synaptics (NASDAQ:SYNA) Insider Sells 8,833 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 8,833 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the sale, the insider directly owned 12,421 shares in the company, valued at approximately $1,753,472.57. The trade was a 41.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Synaptics Price Performance

Shares of SYNA traded down $6.06 during trading hours on Friday, hitting $137.20. The stock had a trading volume of 1,076,886 shares, compared to its average volume of 834,796. The company’s fifty day moving average is $95.87 and its two-hundred day moving average is $84.41. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -110.65, a P/E/G ratio of 4.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. Synaptics Incorporated has a 52 week low of $57.54 and a 52 week high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYNA. Northland Securities set a $123.00 price target on shares of Synaptics in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. TD Cowen restated a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research note on Tuesday, April 21st. Finally, Susquehanna raised their target price on shares of Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research note on Friday, May 8th. 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 company’s stock. According to MarketBeat.com, Synaptics has an average rating of “Moderate Buy” and a consensus target price of $119.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of Synaptics by 2,384.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after acquiring an additional 901,379 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after acquiring an additional 671,647 shares during the period. Ameriprise Financial Inc. raised its position in shares of Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after acquiring an additional 594,235 shares during the period. AQR Capital Management LLC raised its position in shares of Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after acquiring an additional 288,523 shares during the period. Finally, Primecap Management Co. CA acquired a new stake in shares of Synaptics in the 4th quarter valued at approximately $15,670,000. Institutional investors own 99.43% of the company’s stock.

About Synaptics

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.