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

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 692 shares of the stock in a transaction 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 sale, the insider owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. This represents a 0.82% decrease in their position. 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 value 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 value 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 value of $125,310.60.

Synaptics Stock Performance

SYNA stock traded down $5.67 during midday trading on Wednesday, reaching $141.90. The stock had a trading volume of 540,386 shares, compared to its average volume of 827,408. The stock has a market cap of $5.48 billion, a PE ratio of -114.38, a P/E/G ratio of 4.60 and a beta of 1.86. 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 firm has a fifty day simple moving average of $93.16 and a two-hundred day simple moving average of $83.35. Synaptics Incorporated has a 52-week low of $57.54 and a 52-week high of $149.11.

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 analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current year.

Institutional Investors Weigh In On Synaptics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. The Manufacturers Life Insurance Company grew its position in Synaptics by 2,384.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after purchasing an additional 901,379 shares during the period. Price T Rowe Associates Inc. MD grew its position in Synaptics by 469.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after purchasing an additional 671,647 shares during the period. Ameriprise Financial Inc. grew its position in Synaptics by 10.0% during the 3rd 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. AQR Capital Management LLC grew its position in shares of Synaptics by 186.2% during the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after acquiring an additional 288,523 shares during the period. Finally, Primecap Management Co. CA acquired a new stake in shares of Synaptics during the 4th quarter valued at about $15,670,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SYNA shares. Mizuho set a $128.00 target price on Synaptics in a research note on Friday, May 8th. Barclays raised their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Rosenblatt Securities increased their price target on Synaptics from $125.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Ten investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.