Synaptics (NASDAQ:SYNA) Insider Vikram Gupta Sells 4,277 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 4,277 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $94.49, for a total value of $404,133.73. Following the completion of the transaction, the insider owned 99,191 shares in the company, valued at approximately $9,372,557.59. The trade was a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Vikram Gupta sold 4,277 shares of Synaptics stock. The shares were sold at an average price of $103.65, for a total value of $443,311.05.
• On Monday, July 27th, Vikram Gupta sold 360 shares of Synaptics stock. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00.

Synaptics Stock Up 1.5%

Shares of SYNA traded up $1.43 on Wednesday, reaching $96.30. The company’s stock had a trading volume of 368,928 shares, compared to its average volume of 877,165. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $115.67 and a 200-day moving average of $103.62. The stock has a market capitalization of $3.77 billion, a PE ratio of -7.61 and a beta of 1.99. Synaptics Incorporated has a twelve month low of $58.28 and a twelve month high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The company had revenue of $308.00 million for the quarter, compared to analyst estimates of $305.32 million. During the same quarter last year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that Synaptics Incorporated will post 1.98 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SYNA shares. Zacks Research upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Northland Securities lowered shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Susquehanna cut their price target on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Mizuho raised their price objective on Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in Synaptics by 11,977.6% during the second quarter. California State Teachers Retirement System now owns 5,530,471 shares of the software maker’s stock valued at $687,050,000 after buying an additional 5,484,680 shares during the period. State Street Corp raised its position in Synaptics by 0.5% in the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of Synaptics by 9.9% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after purchasing an additional 137,926 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Synaptics in the 2nd quarter worth approximately $153,998,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Synaptics during the 2nd quarter valued at $133,656,000. Hedge funds and other 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.