Key Points
- Insider sale: Vikram Gupta sold 360 Synaptics shares for $41,112 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 0.44% to 81,226 shares.
- Stock performance and fundamentals: Synaptics shares opened at $110.87 after declining 4.8%; its latest quarterly results beat estimates, with $1.09 EPS and $294.2 million in revenue, up 10.4% year over year.
- Analyst outlook: The stock has a consensus “Hold” rating and a $133.45 price target, following several rating downgrades and target reductions.
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Vikram Gupta sold 360 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $114.20, for a total transaction of $41,112.00. Following the completion of the sale, the insider directly owned 81,226 shares of the company's stock, valued at approximately $9,276,009.20. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value 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 value of $79,462.36.
Synaptics Trading Down 4.8%
Shares of NASDAQ SYNA opened at $110.87 on Wednesday. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week 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 company has a market cap of $4.28 billion, a price-to-earnings ratio of -89.41 and a beta of 1.97. The business's 50 day moving average price is $129.18 and its 200-day moving average price is $101.14.
Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $294.20 million during 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%.Synaptics's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts expect that Synaptics Incorporated will post 1.29 earnings per share for the current year.
Hedge Funds Weigh In On Synaptics
Institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Synaptics during the second quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its stake in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker's stock worth $26,000 after acquiring an additional 190 shares during the period. Leonteq Securities AG purchased a new stake in Synaptics in the fourth quarter worth about $43,000. Lazard Asset Management LLC bought a new position in Synaptics during the 2nd quarter worth about $54,000. Finally, Kemnay Advisory Services Inc. bought a new position in Synaptics during the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 99.43% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on SYNA. Susquehanna reduced their price target on shares of Synaptics from $140.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 21st. Needham & Company LLC cut shares of Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, June 26th. Craig Hallum restated a "hold" rating and issued a $145.00 target price on shares of Synaptics in a research note on Friday, June 26th. Wall Street Zen raised shares of Synaptics from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, Zacks Research raised shares of Synaptics from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $133.45.
Check Out Our Latest Research Report on SYNA
About Synaptics
(
Get Free Report)
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.
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