Vikram Gupta Sells 360 Shares of Synaptics (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 360 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00. Following the completion of the sale, the insider owned 81,226 shares of the company’s stock, valued at approximately $9,276,009.20. This represents a 0.44% decrease in their position. The transaction was disclosed in a 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 26th, Vikram Gupta sold 692 shares of Synaptics stock. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00.
• 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 transaction of $79,462.36.

Synaptics Stock Down 4.8%

NASDAQ:SYNA traded down $5.55 during trading hours on Tuesday, reaching $110.87. The company’s stock had a trading volume of 583,132 shares, compared to its average volume of 908,855. The company has a market capitalization of $4.28 billion, a P/E ratio of -89.41 and a beta of 1.97. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11. 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 50 day moving average price of $129.44 and a two-hundred day moving average price of $100.95.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts predict that Synaptics Incorporated will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SYNA shares. Needham & Company LLC downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company boosted their target price on shares of Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Monday, June 29th. Susquehanna cut their price objective on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Northland Securities lowered shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $133.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SYNA. The Manufacturers Life Insurance Company boosted its holdings in Synaptics by 2,384.4% in the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after acquiring an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after purchasing an additional 671,647 shares during the last quarter. AQR Capital Management LLC boosted its stake in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Synaptics during the 4th quarter worth approximately $15,670,000. Finally, Squarepoint Ops LLC increased its stake in Synaptics by 376.6% during the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

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.