Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) insider Vikram Gupta sold 257 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $86.15, for a total transaction of $22,140.55. Following the transaction, the insider now owns 30,578 shares of the company’s stock, valued at approximately $2,634,294.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Vikram Gupta also recently made the following trade(s):
- On Thursday, June 20th, Vikram Gupta sold 259 shares of Synaptics stock. The stock was sold at an average price of $90.00, for a total value 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 value of $24,535.80.
Synaptics Stock Performance
SYNA stock traded up $1.31 during trading on Friday, hitting $88.20. The company had a trading volume of 435,736 shares, compared to its average volume of 291,982. The firm has a 50-day moving average price of $90.44 and a 200-day moving average price of $99.74. The company has a quick ratio of 4.78, a current ratio of 5.32 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.48 billion, a PE ratio of -32.06 and a beta of 1.48. Synaptics Incorporated has a 1-year low of $73.38 and a 1-year high of $121.37.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SYNA. KeyCorp lowered their price target on Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Wells Fargo & Company dropped their target price on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. TD Cowen reduced their price target on shares of Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, Needham & Company LLC dropped their price objective on Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Three equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $117.67.
Check Out Our Latest Research Report on SYNA
Hedge Funds Weigh In On Synaptics
A number of large investors have recently bought and sold shares of the company. Headinvest LLC acquired a new position in shares of Synaptics during the third quarter worth about $40,000. CWM LLC lifted its position 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 purchasing an additional 139 shares during the period. Register Financial Advisors LLC purchased a new stake in Synaptics in the 1st quarter valued at approximately $76,000. PNC Financial Services Group Inc. increased its position in Synaptics by 37.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,336 shares of the software maker’s stock worth $119,000 after purchasing an additional 364 shares during the period. Finally, Holderness Investments Co. purchased a new position in shares of Synaptics during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors 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.
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