Insider Selling: Synaptics Incorporated (NASDAQ:SYNA) Insider Sells 1,008 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 1,008 shares of Synaptics stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total value of $80,640.00. Following the completion of the sale, the insider now directly owns 45,789 shares in the company, valued at approximately $3,663,120. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value of $149,600.00.
• On Thursday, June 27th, Vikram Gupta sold 257 shares of Synaptics stock. The stock was sold at an average price of $86.15, for a total value of $22,140.55.
• 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 transaction of $24,535.80.

Synaptics Price Performance

Shares of NASDAQ:SYNA traded up $2.88 on Thursday, hitting $80.87. The company had a trading volume of 310,186 shares, compared to its average volume of 298,382. The company has a current ratio of 4.19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.19 billion, a PE ratio of -29.84 and a beta of 1.47. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37. The business has a 50 day moving average of $83.70 and a 200 day moving average of $91.36.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities analysts anticipate that Synaptics Incorporated will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of Synaptics

A number of hedge funds have recently bought and sold shares of SYNA. Heron Bay Capital Management boosted its stake in Synaptics by 1.3% in the 1st quarter. Heron Bay Capital Management now owns 9,197 shares of the software maker’s stock worth $897,000 after buying an additional 116 shares during the last quarter. US Bancorp DE grew its position in Synaptics by 3.5% during the first quarter. US Bancorp DE now owns 3,603 shares of the software maker’s stock valued at $352,000 after acquiring an additional 123 shares during the period. CWM LLC grew its position in Synaptics by 26.0% during the first quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $66,000 after acquiring an additional 139 shares during the period. Bridge City Capital LLC increased its stake in Synaptics by 0.8% during the first quarter. Bridge City Capital LLC now owns 19,092 shares of the software maker’s stock worth $1,863,000 after acquiring an additional 149 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Synaptics by 0.3% during the 1st quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker’s stock worth $4,748,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analysts Set New Price Targets

SYNA has been the topic of a number of research analyst reports. Needham & Company LLC decreased their price objective on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company decreased their price target on Synaptics from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. TD Cowen dropped their price objective 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 decreased their target price on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, KeyCorp lowered their target price on Synaptics from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Synaptics has an average rating of “Moderate Buy” and an average target price of $105.44.

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.