Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 4,277 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $103.65, for a total value of $443,311.05. Following the completion of the sale, the insider owned 103,468 shares in the company, valued at $10,724,458.20. The trade was a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $147.50, for a total value of $102,070.00.
Synaptics Stock Performance
Synaptics stock traded down $3.85 during mid-day trading on Wednesday, hitting $100.98. The company had a trading volume of 369,548 shares, compared to its average volume of 883,173. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11. The company’s fifty day moving average is $119.53 and its 200-day moving average is $103.20. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -7.98 and a beta of 1.99.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SYNA. Zacks Research upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Monday. Northland Securities lowered Synaptics from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wells Fargo & Company lowered their price target on Synaptics from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Craig Hallum set a $105.00 price objective on Synaptics in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $123.91.
Get Our Latest Stock Analysis on SYNA
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SYNA. CoreCap Advisors LLC acquired a new stake in Synaptics in the 2nd quarter worth about $25,000. CIBC Private Wealth Group LLC raised its holdings in shares of Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Synaptics in the second quarter valued at approximately $33,000. Leonteq Securities AG purchased a new position in shares of Synaptics in the fourth quarter valued at approximately $43,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Synaptics in the second quarter worth approximately $54,000. Institutional investors and hedge funds 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.
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