Insider Selling: Synaptics (NASDAQ:SYNA) Insider Sells 692 Shares of Stock

Key Points

• Synaptics insider Vikram Gupta sold 692 shares on May 26 at an average price of $147.50, totaling about $102,070. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• SYNA shares fell 3.8% in Wednesday trading to $141.90, near the stock’s 12-month high of $149.11. Trading volume came in below average.
• Synaptics recently beat quarterly earnings expectations, reporting EPS of $1.09 versus $1.01 expected and revenue of $294.2 million, up 10.4% year over year. Analysts currently have a Moderate Buy consensus with an average price target of $119.18.

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Vikram Gupta sold 692 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total value of $102,070.00. Following the transaction, the insider directly owned 83,434 shares in the company, valued at approximately $12,306,515. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, May 19th, Vikram Gupta sold 692 shares of Synaptics stock. The shares were sold at an average price of $114.83, for a total value of $79,462.36.
• On Monday, April 27th, Vikram Gupta sold 1,548 shares of Synaptics stock. The shares were 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 shares were sold at an average price of $80.95, for a total value of $125,310.60.

Synaptics Trading Down 3.8%

Shares of SYNA traded down $5.67 during mid-day trading on Wednesday, reaching $141.90. 540,386 shares of the company's stock traded hands, compared to its average volume of 827,408. The stock has a market cap of $5.48 billion, a P/E ratio of -114.38, a P/E/G ratio of 4.60 and a beta of 1.86. The stock's 50-day moving average is $93.16 and its two-hundred day moving average is $83.35. Synaptics Incorporated has a 12 month low of $57.54 and a 12 month high of $149.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The company had revenue of $294.20 million for the quarter, compared to analysts' expectations of $290.51 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Synaptics's revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts forecast that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Institutional Trading of Synaptics

Several hedge funds and other institutional investors have recently made changes to their positions in SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Synaptics by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker's stock valued at $5,780,000 after purchasing an additional 4,917 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Synaptics during the 2nd quarter valued at $205,000. First Trust Advisors LP lifted its holdings in shares of Synaptics by 9.8% during the 2nd quarter. First Trust Advisors LP now owns 60,393 shares of the software maker's stock valued at $3,915,000 after purchasing an additional 5,393 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Synaptics by 472.1% during the 2nd quarter. Marshall Wace LLP now owns 89,490 shares of the software maker's stock valued at $5,801,000 after purchasing an additional 73,848 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Synaptics by 9.1% during the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker's stock valued at $1,514,000 after purchasing an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Analyst Ratings Changes

SYNA has been the topic of several research analyst reports. Craig Hallum reissued a "hold" rating and issued a $95.00 price objective on shares of Synaptics in a research note on Friday, May 8th. Northland Securities set a $123.00 price objective on Synaptics in a research note on Friday, May 8th. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Weiss Ratings restated a "sell (d)" rating on shares of Synaptics in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $125.00 target price on shares of Synaptics in a report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $119.18.

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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