Insider Selling: Synaptics Incorporated (NASDAQ:SYNA) Insider Sells 411 Shares of Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Vikram Gupta sold 411 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Vikram Gupta also recently made the following trade(s):

• On Friday, September 27th, Vikram Gupta sold 2,731 shares of Synaptics stock. The shares were sold at an average price of $80.00, for a total value of $218,480.00.

Synaptics Price Performance

Shares of SYNA traded up $2.12 during midday trading on Friday, reaching $80.50. The stock had a trading volume of 342,614 shares, compared to its average volume of 336,458. The firm’s 50 day moving average price is $74.99 and its 200-day moving average price is $80.83. The company has a market capitalization of $3.22 billion, a P/E ratio of 19.84 and a beta of 1.45. 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 4.49 and a quick ratio of 4.02.

Wall Street Analysts Forecast Growth

SYNA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Craig Hallum decreased their price objective on shares of Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Susquehanna lowered their target price on Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Needham & Company LLC dropped their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and an average target price of $97.33.

Institutional Trading of Synaptics

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after acquiring an additional 267 shares in the last quarter. Quarry LP acquired a new stake in shares of Synaptics in the 3rd quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Synaptics in the 2nd quarter valued at $67,000. Innealta Capital LLC acquired a new position in shares of Synaptics during the second quarter worth approximately $83,000. Finally, CWM LLC boosted its stake in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Company Profile

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.