Equities research analysts expect Synaptics Incorporated (NASDAQ:SYNA) to post earnings per share (EPS) of $1.08 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Synaptics’ earnings. The lowest EPS estimate is $1.06 and the highest is $1.13. Synaptics reported earnings per share of $1.49 in the same quarter last year, which suggests a negative year over year growth rate of 27.5%. The firm is expected to announce its next earnings results on Thursday, January 25th.
Zacks’ EPS averages are a mean average based on a survey of research firms that cover Synaptics.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.46. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share.
SYNA has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Synaptics in a research report on Sunday, November 19th. Craig Hallum restated a “buy” rating and set a $43.00 price objective (down previously from $55.00) on shares of Synaptics in a research note on Wednesday, November 8th. Oppenheimer restated a “sell” rating and set a $35.00 price objective on shares of Synaptics in a research note on Wednesday, November 8th. Stifel Nicolaus reduced their price objective on Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Rosenblatt Securities lowered Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Friday, November 3rd. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.03.
Synaptics (NASDAQ:SYNA) traded up $1.10 during trading hours on Tuesday, reaching $38.84. The company had a trading volume of 1,099,855 shares, compared to its average volume of 890,156. The stock has a market cap of $1,310.00, a P/E ratio of 11.83, a PEG ratio of 0.92 and a beta of 1.17. The company has a quick ratio of 1.70, a current ratio of 2.35 and a debt-to-equity ratio of 0.59. Synaptics has a 12-month low of $33.73 and a 12-month high of $64.54.
In related news, CFO Wajid Ali sold 2,918 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the sale, the chief financial officer now owns 27,281 shares in the company, valued at $1,138,981.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rick Bergman sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in SYNA. Hunter Associates Investment Management LLC increased its holdings in shares of Synaptics by 0.6% in the second quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock valued at $600,000 after purchasing an additional 70 shares in the last quarter. Advisory Services Network LLC boosted its stake in Synaptics by 1.7% in the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after acquiring an additional 75 shares during the last quarter. Probity Advisors Inc. boosted its stake in Synaptics by 1.0% in the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock valued at $390,000 after acquiring an additional 75 shares during the last quarter. Aperio Group LLC boosted its position in shares of Synaptics by 1.2% during the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock worth $364,000 after purchasing an additional 84 shares in the last quarter. Finally, CS Mckee LP boosted its position in shares of Synaptics by 0.4% during the second quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock worth $1,479,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.
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Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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