Synaptics (NASDAQ:SYNA) Insider Sells $443,311.05 in Stock

Key Points

• Synaptics insider Vikram Gupta sold 4,277 shares for approximately $443,311 at an average price of $103.65. The transaction was conducted under a Rule 10b5-1 plan to cover tax obligations from vested equity awards, leaving him with 103,468 shares.
• Synaptics reported quarterly EPS of $1.23 and revenue of $308 million, exceeding analyst estimates, while revenue increased 8.9% year over year.
• Shares recently traded at $100.98, below the analyst consensus price target of $123.91. Analyst sentiment remains mixed, with an overall “Hold” rating, and institutional investors own 99.43% of the stock.

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Vikram Gupta sold 4,277 shares of Synaptics stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $103.65, for a total transaction of $443,311.05. Following the completion of the sale, the insider owned 103,468 shares in the company, valued at approximately $10,724,458.20. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction 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 Price Performance

Shares of SYNA stock traded down $3.85 during trading hours on Wednesday, hitting $100.98. The stock had a trading volume of 369,548 shares, compared to its average volume of 883,173. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -7.98 and a beta of 1.99. The stock's 50-day moving average price is $119.53 and its two-hundred day moving average price is $103.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. Synaptics Incorporated has a one year low of $58.28 and a one year high of $149.11.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.02. The business had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%.The company's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. Equities analysts forecast that Synaptics Incorporated will post 1.98 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Northland Securities lowered shares of Synaptics from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Zacks Research upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Monday. Craig Hallum set a $105.00 price target on shares of Synaptics in a report on Friday, August 7th. Wells Fargo & Company dropped their price target on Synaptics from $160.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Finally, Mizuho boosted their price objective on Synaptics from $128.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $123.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SYNA. State of Michigan Retirement System increased its stake in shares of Synaptics by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker's stock worth $654,000 after acquiring an additional 100 shares during the period. LPL Financial LLC lifted its position in Synaptics by 3.9% during the fourth quarter. LPL Financial LLC now owns 3,216 shares of the software maker's stock valued at $238,000 after purchasing an additional 121 shares during the period. ABS Investment Management LLC acquired a new position in Synaptics during the second quarter valued at $310,575,000. Northwestern Mutual Investment Management Company LLC boosted its holdings in Synaptics by 1.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker's stock valued at $646,000 after purchasing an additional 132 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Synaptics by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker's stock valued at $315,000 after purchasing an additional 163 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Company Profile

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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