Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 692 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $79,462.36. Following the sale, the insider owned 84,126 shares of the company’s stock, valued at approximately $9,660,188.58. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Monday, April 27th, Vikram Gupta sold 1,548 shares of Synaptics stock. The stock was sold at an average price of $92.90, for a total value of $143,809.20.
- On Monday, April 20th, Vikram Gupta sold 1,548 shares of Synaptics stock. The stock was sold at an average price of $80.95, for a total value of $125,310.60.
- On Wednesday, February 25th, Vikram Gupta sold 772 shares of Synaptics stock. The stock was sold at an average price of $81.57, for a total value of $62,972.04.
Synaptics Price Performance
NASDAQ:SYNA opened at $132.33 on Friday. Synaptics Incorporated has a 12 month low of $57.54 and a 12 month high of $134.84. The stock has a 50 day moving average of $88.96 and a two-hundred day moving average of $81.76. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.11 billion, a P/E ratio of -106.72, a price-to-earnings-growth ratio of 4.16 and a beta of 1.86.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SYNA. TD Cowen restated a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Rosenblatt Securities upped their price target on Synaptics from $125.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays upped their price target on Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Northland Securities set a $123.00 price target on Synaptics in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.18.
Get Our Latest Stock Analysis on Synaptics
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock worth $5,780,000 after acquiring an additional 4,917 shares during the period. M&T Bank Corp purchased a new position in Synaptics in the second quarter worth approximately $205,000. First Trust Advisors LP grew its position in Synaptics by 9.8% in the second quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after acquiring an additional 5,393 shares during the period. Marshall Wace LLP grew its position in Synaptics by 472.1% in the second quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock worth $5,801,000 after acquiring an additional 73,848 shares during the period. Finally, Federated Hermes Inc. grew its position in Synaptics by 9.1% in the second quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after acquiring an additional 1,939 shares during the period. 99.43% of the stock is currently owned by hedge funds and other institutional investors.
Synaptics News Summary
Here are the key news stories impacting Synaptics this week:
- Positive Sentiment: Rosenblatt Securities raised its price target on Synaptics to $180 from $125 and kept a buy rating, signaling significant upside potential for Synaptics Incorporated (NASDAQ: SYNA). Benzinga article
- Positive Sentiment: Synaptics is being highlighted for new optical fingerprint technology, which could strengthen its biometrics business and expand its role in smartphone hardware. Mashable article
- Positive Sentiment: Recent earnings were solid, with Synaptics beating EPS and revenue estimates and posting year-over-year revenue growth, reinforcing the case that business momentum remains strong. MarketBeat report
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.
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