Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 1,870 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $149,600.00. Following the sale, the insider now owns 46,797 shares in the company, valued at approximately $3,743,760. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $95.10, for a total transaction of $24,535.80.
Synaptics Stock Down 3.4 %
Shares of Synaptics stock opened at $77.99 on Thursday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -28.78 and a beta of 1.47. The stock has a 50-day simple moving average of $83.70 and a 200-day simple moving average of $91.36. Synaptics Incorporated has a 52-week low of $67.83 and a 52-week high of $121.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Synaptics from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Craig Hallum reduced their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Needham & Company LLC decreased their price objective on Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen dropped their target price on Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Wells Fargo & Company decreased 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.44.
View Our Latest Research Report on SYNA
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SYNA. CWM LLC increased its stake in shares of Synaptics by 26.0% during the 1st quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $66,000 after purchasing an additional 139 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Synaptics during the 2nd quarter worth $67,000. Register Financial Advisors LLC acquired a new position in shares of Synaptics during the 1st quarter worth $76,000. Innealta Capital LLC acquired a new position in shares of Synaptics during the 2nd quarter worth $83,000. Finally, nVerses Capital LLC bought a new stake in shares of Synaptics during the 2nd quarter worth $141,000. Institutional investors and hedge funds own 99.43% of the company’s stock.
About Synaptics
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.
Read More
- Five stocks we like better than Synaptics
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.