Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 772 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider directly owned 95,996 shares of the company’s stock, valued at approximately $7,830,393.72. This represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Vikram Gupta also recently made the following trade(s):
- On Wednesday, February 18th, Vikram Gupta sold 772 shares of Synaptics stock. The shares were sold at an average price of $85.00, for a total value of $65,620.00.
- 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 transaction 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 transaction of $55,568.58.
Synaptics Trading Down 1.2%
SYNA stock traded down $0.97 on Thursday, hitting $81.04. 154,813 shares of the company were exchanged, compared to its average volume of 805,270. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -50.96, a price-to-earnings-growth ratio of 3.07 and a beta of 1.72. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $97.00. The business’s fifty day moving average is $83.26 and its two-hundred day moving average is $74.39.
Analysts Set New Price Targets
SYNA has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Synaptics from $94.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Northland Securities upped their target price on Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a research report on Monday, December 29th. Barclays reiterated an “overweight” rating and set a $100.00 target price on shares of Synaptics in a report on Thursday, January 15th. JPMorgan Chase & Co. increased their price objective on shares of Synaptics from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Rosenblatt Securities lifted their price target on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.91.
View Our Latest Stock Report on SYNA
Hedge Funds Weigh In On Synaptics
Hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Synaptics by 3.9% in the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after purchasing an additional 121 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Synaptics by 1.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after purchasing an additional 132 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Synaptics by 0.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker’s stock worth $1,146,000 after buying an additional 134 shares during the period. Captrust Financial Advisors boosted its stake in Synaptics by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock valued at $315,000 after buying an additional 163 shares in the last quarter. Finally, Optiver Holding B.V. raised its stake in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after acquiring an additional 170 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Synaptics
- Gold Ran First – but This Cycle May Belong to Silver
- REVEALED: Something Big Happening Behind White House Doors
- MAJOR BUY ALERT: Mar-a-Lago/Trump/Elon
- Gilder: Don’t Buy AI Stocks, Do This Instead
- Read this or regret it forever
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.
