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

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total transaction of $102,070.00. Following the completion of the transaction, the insider directly owned 83,434 shares of the company’s stock, valued at $12,306,515. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $114.83, for a total transaction of $79,462.36.
• On Monday, April 27th, Vikram Gupta sold 1,548 shares of Synaptics stock. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20.
• On Monday, April 20th, Vikram Gupta sold 1,548 shares of Synaptics stock. The stock was sold at an average price of $80.95, for a total transaction of $125,310.60.

Synaptics Stock Down 4.0%

Shares of Synaptics stock opened at $141.64 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The stock has a market capitalization of $5.47 billion, a PE ratio of -114.23, a price-to-earnings-growth ratio of 4.72 and a beta of 1.86. Synaptics Incorporated has a 52-week low of $57.54 and a 52-week high of $149.11. The company has a 50-day simple moving average of $94.50 and a two-hundred day simple moving average of $83.87.

Synaptics (NASDAQ:SYNA) last issued its earnings results 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. The business had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SYNA. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their target price on shares of Synaptics from $125.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Barclays boosted their price objective on shares of Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Mizuho set a $128.00 price objective on shares of Synaptics in a report on Friday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Synaptics in a report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.18.

Institutional Trading of Synaptics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after purchasing an additional 184,303 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after purchasing an additional 594,235 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Synaptics in the third quarter worth approximately $1,200,000. Allianz Asset Management GmbH bought a new position in shares of Synaptics in the third quarter worth approximately $3,524,000. Finally, LSV Asset Management bought a new position in shares of Synaptics in the third quarter worth approximately $3,644,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.