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

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 4,277 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $103.65, for a total transaction of $443,311.05. Following the sale, the insider owned 103,468 shares of the company’s stock, valued at approximately $10,724,458.20. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 value of $41,112.00.
• On Tuesday, May 26th, Vikram Gupta sold 692 shares of Synaptics stock. The stock was sold at an average price of $147.50, for a total value of $102,070.00.

Synaptics Price Performance

Shares of SYNA stock opened at $98.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 1.12. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The firm has a market cap of $3.83 billion, a P/E ratio of -7.75 and a beta of 1.99. The business’s 50 day moving average price is $118.22 and its 200-day moving average price is $103.41.

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

Analyst Upgrades and Downgrades

SYNA has been the topic of a number of research reports. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Mizuho raised their price objective on shares of Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings downgraded Synaptics from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.91.

Hedge Funds Weigh In On Synaptics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of Synaptics in the 2nd quarter worth about $398,000. Moore Capital Management LP purchased a new stake in Synaptics during the 2nd quarter valued at about $621,000. Two Sigma Securities LLC increased its stake in Synaptics by 813.4% during the 2nd quarter. Two Sigma Securities LLC now owns 36,072 shares of the software maker’s stock valued at $4,481,000 after purchasing an additional 32,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Synaptics by 10.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,332 shares of the software maker’s stock valued at $9,855,000 after purchasing an additional 7,383 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Synaptics by 37.6% in the second quarter. Van ECK Associates Corp now owns 21,942 shares of the software maker’s stock worth $2,726,000 after buying an additional 5,993 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

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.