Insider Selling: Synaptics Incorporated (NASDAQ:SYNA) Insider Sells $22,140.55 in Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 257 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $86.15, for a total transaction of $22,140.55. Following the sale, the insider now owns 30,578 shares in the company, valued at approximately $2,634,294.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, June 20th, Vikram Gupta sold 259 shares of Synaptics stock. The shares were sold at an average price of $90.00, for a total value of $23,310.00.
• On Thursday, June 13th, Vikram Gupta sold 258 shares of Synaptics stock. The stock was sold at an average price of $95.10, for a total value of $24,535.80.

Synaptics Trading Up 1.5 %

Shares of Synaptics stock opened at $88.20 on Monday. The company’s fifty day simple moving average is $90.59 and its two-hundred day simple moving average is $99.50. Synaptics Incorporated has a 12-month low of $73.38 and a 12-month high of $121.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.32 and a quick ratio of 4.78.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Synaptics had a negative return on equity of 0.90% and a negative net margin of 11.30%. The company had revenue of $237.30 million for the quarter, compared to the consensus estimate of $235.17 million. During the same quarter in the previous year, the business earned $1.14 EPS. Synaptics’s revenue was down 27.3% compared to the same quarter last year. Sell-side analysts predict that Synaptics Incorporated will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headinvest LLC purchased a new position in Synaptics during the 3rd quarter valued at $40,000. CWM LLC boosted its stake in shares of Synaptics by 26.0% during the 1st quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $66,000 after purchasing an additional 139 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Synaptics during the 1st quarter valued at about $76,000. PNC Financial Services Group Inc. increased its position in shares of Synaptics by 37.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,336 shares of the software maker’s stock valued at $119,000 after buying an additional 364 shares during the period. Finally, Holderness Investments Co. bought a new position in Synaptics in the third quarter worth about $204,000. Institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. KeyCorp dropped their target price on Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Needham & Company LLC lowered their price objective on shares of Synaptics from $125.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 10th. TD Cowen reduced their target price on shares of Synaptics from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Wells Fargo & Company lowered their price target on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and a consensus price target of $117.67.

Synaptics Company Profile

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.