Synaptics (SYNA) CEO Patel Rahul G. Sells $214K of Stock

Patel Rahul G., the President and Chief Executive Officer of Synaptics Incorporated, sold 2,276 shares on September 21, 2026, for a total of about $213,557. This sale was planned, with the shares sold at an average price of $93.83 each.

Inside Patel Rahul G.'s Trade

Rahul G. sold these shares as part of a planned transaction. This sale adds to a pattern of insider selling at Synaptics, which has been observed in recent months.

Other Institutional Activity in Synaptics

Several institutional investors have adjusted their positions in Synaptics recently. Ameriprise Financial, Inc. reduced its stake by 65,662 shares, bringing its total to 7,481,694 shares valued at about $877.5 million. Blackrock Inc. increased its holdings by 87,628 shares, ending with 4,983,061 shares worth approximately $584.4 million. Meanwhile, Vanguard Portfolio Management LLC trimmed its position by 46,347 shares, now holding 2,617,281 shares valued at around $307 million. State Street Corporation added 28,577 shares, now owning 2,114,506 shares worth about $248 million. FMR, LLC significantly increased its holdings by 303,844 shares, totaling 1,829,931 shares valued at about $214.6 million.

Synaptics Incorporated Stock Up 0.1%

The stock closed at $117.36 before the insider sale, which is significantly lower than its 52-week high of $149.11. Currently, it trades at around $93.83, indicating it is well below its recent highs, which could be a concern for investors.

Recent Earnings

In its latest earnings report, Synaptics recorded revenue of approximately $1.2 billion, reflecting a growth of 8.9% year-over-year. However, the company reported a net loss, with an EPS of -$12.62. The next earnings report is scheduled for November 5, 2026, which could provide further insights into the company's performance.

Analysts Set New Price Targets

On October 2, 2026, Wells Fargo downgraded Synaptics to an Equal-Weight rating with a new price target of $123, down from $140. Rosenblatt maintained a Neutral rating with a target of $123, up from $115. This follows earlier downgrades from Barclays and Deutsche Bank, both of which set targets at $135 and $125, respectively.

About Synaptics Incorporated

Synaptics Incorporated, based in San Jose, California, develops semiconductor products for various applications, including edge AI, wireless connectivity, and multimedia. The company targets markets such as smart home devices and automotive technology, making it a key player in the technology sector.

Bottom Line

Investors should watch for Synaptics' upcoming earnings report on November 5, 2026, for updates on its financial health. The recent insider selling and analyst downgrades may signal a cautious outlook for the company. Remember, this insider sale reflects a past position and may not represent current trading strategies.