Synaptics Incorporated (NASDAQ:SYNA) Insider Sells $149,600.00 in Stock

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Vikram Gupta sold 1,870 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $149,600.00. Following the transaction, the insider now owns 46,797 shares of the company's stock, valued at approximately $3,743,760. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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

Synaptics Price Performance

Shares of Synaptics stock traded down $0.38 during trading on Monday, hitting $80.16. 287,103 shares of the stock traded hands, compared to its average volume of 396,213. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -29.58 and a beta of 1.47. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. Synaptics Incorporated has a 52 week low of $67.83 and a 52 week high of $121.37. The firm's fifty day moving average is $84.14 and its 200-day moving average is $91.68.

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

Analyst Ratings Changes

A number of research firms recently issued reports on SYNA. JPMorgan Chase & Co. decreased their price objective on Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. KeyCorp reduced their price objective on shares of Synaptics from $115.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Wells Fargo & Company cut their price target on shares of Synaptics from $115.00 to $95.00 and set an "equal weight" rating for the company in a report on Friday, May 10th. Needham & Company LLC dropped their price objective on Synaptics from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Craig Hallum lowered their price target on Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Heron Bay Capital Management grew its holdings 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 acquiring an additional 116 shares during the last quarter. US Bancorp DE lifted its stake in Synaptics by 3.5% in the first quarter. US Bancorp DE now owns 3,603 shares of the software maker's stock worth $352,000 after acquiring an additional 123 shares during the period. CWM LLC boosted its holdings in Synaptics by 26.0% in 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 in the last quarter. Bridge City Capital LLC raised its holdings in Synaptics by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 19,092 shares of the software maker's stock worth $1,863,000 after purchasing an additional 149 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Synaptics by 0.3% in 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 own 99.43% of the company's stock.

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.