Key Points
- Synaptics insider Vikram Gupta sold 4,277 shares at an average price of $94.49, generating approximately $404,134. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 4.13% to 99,191 shares.
- Synaptics reported quarterly EPS of $1.23, slightly beating estimates of $1.21, while revenue rose 8.9% year over year to $308 million. Despite the earnings beat, the company posted a negative net margin of 41%.
- Analyst sentiment is broadly cautious, with an average rating of “Hold” and an average price target of $123.91; institutional investors own approximately 99.43% of the stock.
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) insider Vikram Gupta sold 4,277 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $94.49, for a total value of $404,133.73. Following the transaction, the insider owned 99,191 shares in the company, valued at approximately $9,372,557.59. This trade represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vikram Gupta also recently made the following trade(s):
- On Tuesday, August 18th, Vikram Gupta sold 4,277 shares of Synaptics stock. The shares were sold at an average price of $103.65, for a total value of $443,311.05.
- On Monday, July 27th, Vikram Gupta sold 360 shares of Synaptics stock. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00.
Synaptics Stock Up 0.9%
Synaptics stock opened at $95.70 on Thursday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -7.57 and a beta of 1.99. The company's 50 day simple moving average is $114.91 and its 200 day simple moving average is $103.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11.
Synaptics (NASDAQ:SYNA - Get Free Report) last issued its earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.21 by $0.02. The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. As a group, sell-side analysts anticipate that Synaptics Incorporated will post 1.98 EPS for the current year.
Wall Street Analysts Forecast Growth
SYNA has been the topic of several research analyst reports. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Weiss Ratings cut Synaptics from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded Synaptics from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Monday, June 29th. Northland Securities lowered Synaptics from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Finally, TD Cowen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $123.91.
Check Out Our Latest Report on Synaptics
Hedge Funds Weigh In On Synaptics
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker's stock valued at $5,780,000 after purchasing an additional 4,917 shares in the last quarter. M&T Bank Corp bought a new position in shares of Synaptics during the second quarter worth about $205,000. First Trust Advisors LP grew its holdings in shares of Synaptics by 9.8% during the second quarter. First Trust Advisors LP now owns 60,393 shares of the software maker's stock worth $3,915,000 after buying an additional 5,393 shares in the last quarter. Marshall Wace LLP raised its position in Synaptics by 472.1% in the 2nd quarter. Marshall Wace LLP now owns 89,490 shares of the software maker's stock valued at $5,801,000 after buying an additional 73,848 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Synaptics by 9.1% in the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker's stock valued at $1,514,000 after buying an additional 1,939 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.
Synaptics Company Profile
(
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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