Insider Selling: Synaptics (NASDAQ:SYNA) Insider Sells $1,246,954.61 in Stock

Synaptics Incorporated (NASDAQ:SYNAGet Free Report) insider Esther Song sold 8,833 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value of $1,246,954.61. Following the transaction, the insider directly owned 12,421 shares in the company, valued at approximately $1,753,472.57. This represents a 41.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Synaptics Stock Performance

NASDAQ SYNA opened at $137.28 on Monday. The company has a market cap of $5.30 billion, a P/E ratio of -110.71, a P/E/G ratio of 4.40 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The business’s 50 day moving average price is $97.17 and its 200-day moving average price is $84.90. Synaptics Incorporated has a fifty-two week low of $57.54 and a fifty-two week high of $149.11.

Synaptics (NASDAQ:SYNAGet Free Report) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts predict that Synaptics Incorporated will post 1.3 earnings per share for the current year.

Institutional Investors Weigh In On Synaptics

A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after buying an additional 594,235 shares during the last quarter. State Street Corp raised its stake in Synaptics by 0.5% in the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock valued at $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in Synaptics by 9.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after buying an additional 137,926 shares during the last quarter. Geode Capital Management LLC raised its stake in Synaptics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after buying an additional 17,088 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Synaptics by 2,384.4% in the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after buying an additional 901,379 shares during the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on SYNA shares. Mizuho set a $128.00 price objective on Synaptics in a research report on Friday, May 8th. Northland Securities set a $123.00 price objective on Synaptics in a research report on Friday, May 8th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price objective on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and an average target price of $119.18.

View Our Latest Stock Analysis on SYNA

About Synaptics

(Get Free Report)

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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Insider Buying and Selling by Quarter for Synaptics (NASDAQ:SYNA)

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