Vikram Gupta Sells 2,731 Shares of Synaptics Incorporated (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 2,731 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $80.00, for a total value of $218,480.00. Following the completion of the sale, the insider now owns 43,245 shares in the company, valued at approximately $3,459,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 28th, Vikram Gupta sold 1,008 shares of Synaptics stock. The shares were sold at an average price of $80.00, for a total value of $80,640.00.
• On Friday, August 23rd, Vikram Gupta sold 1,870 shares of Synaptics stock. The shares were sold at an average price of $80.00, for a total transaction of $149,600.00.

Synaptics Stock Performance

NASDAQ:SYNA opened at $75.39 on Wednesday. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.01 billion, a PE ratio of -27.82 and a beta of 1.47. Synaptics Incorporated has a twelve month low of $67.83 and a twelve month high of $121.37. The stock’s 50-day simple moving average is $77.26 and its 200 day simple moving average is $86.38.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. The business had revenue of $247.40 million during the quarter, compared to the consensus estimate of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, analysts anticipate that Synaptics Incorporated will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SYNA has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Needham & Company LLC decreased their target price on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen cut their price target on Synaptics from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Craig Hallum dropped their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. reduced their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.44.

Institutional Investors Weigh In On Synaptics

Several hedge funds have recently modified their holdings of SYNA. UBS Group AG boosted its stake in shares of Synaptics by 26.8% during the fourth quarter. UBS Group AG now owns 105,457 shares of the software maker’s stock valued at $12,031,000 after purchasing an additional 22,308 shares in the last quarter. Virtu Financial LLC acquired a new position in Synaptics in the 4th quarter valued at approximately $549,000. Goldman Sachs Group Inc. raised its stake in shares of Synaptics by 34.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker’s stock valued at $44,520,000 after acquiring an additional 100,150 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Synaptics by 3.4% during the fourth quarter. Wellington Management Group LLP now owns 1,373,759 shares of the software maker’s stock worth $156,718,000 after purchasing an additional 44,548 shares during the period. Finally, Willner & Heller LLC bought a new stake in shares of Synaptics in the fourth quarter worth $807,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.