Analysts forecast that Synaptics Incorporated (NASDAQ:SYNA) will announce $1.98 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Synaptics’ earnings. The lowest EPS estimate is $1.85 and the highest is $2.05. Synaptics posted earnings of $1.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 59.7%. The company is expected to issue its next earnings report on Wednesday, August 4th.
Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Synaptics.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 6th. The software maker reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.58. The firm had revenue of $325.80 million during the quarter, compared to the consensus estimate of $325.06 million. Synaptics had a return on equity of 22.75% and a net margin of 11.68%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS.
Several analysts have recently weighed in on SYNA shares. Rosenblatt Securities raised their price objective on shares of Synaptics from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, May 7th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Saturday, May 22nd. Cowen upgraded Synaptics from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $176.00 in a research report on Tuesday, April 27th. JPMorgan Chase & Co. raised Synaptics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $129.00 to $175.00 in a report on Wednesday, March 10th. Finally, Needham & Company LLC upped their target price on Synaptics from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, May 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Synaptics currently has a consensus rating of “Buy” and a consensus price target of $154.23.
In other news, insider Dean Warren Butler sold 1,050 shares of the company’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $130.13, for a total value of $136,636.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Saleel Awsare sold 1,581 shares of the stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $135.66, for a total transaction of $214,478.46. Following the completion of the transaction, the insider now owns 34,163 shares of the company’s stock, valued at $4,634,552.58. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in SYNA. Virginia Retirement Systems ET AL grew its stake in shares of Synaptics by 0.4% in the 4th quarter. Virginia Retirement Systems ET AL now owns 22,700 shares of the software maker’s stock worth $2,188,000 after buying an additional 100 shares during the last quarter. Securian Asset Management Inc grew its stake in shares of Synaptics by 3.1% in the first quarter. Securian Asset Management Inc now owns 3,314 shares of the software maker’s stock worth $449,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Synaptics by 2.2% during the fourth quarter. Amalgamated Bank now owns 5,554 shares of the software maker’s stock valued at $535,000 after acquiring an additional 117 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of Synaptics by 6.5% in the 4th quarter. First Mercantile Trust Co. now owns 1,926 shares of the software maker’s stock worth $186,000 after purchasing an additional 118 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Synaptics by 1.2% in the 1st quarter. Arizona State Retirement System now owns 10,048 shares of the software maker’s stock worth $1,361,000 after purchasing an additional 122 shares in the last quarter.
SYNA stock traded up $0.13 during midday trading on Monday, reaching $145.89. The company had a trading volume of 11,794 shares, compared to its average volume of 478,225. The company’s 50-day moving average is $132.31. The company has a market cap of $5.14 billion, a P/E ratio of 34.90, a P/E/G ratio of 2.13 and a beta of 1.23. Synaptics has a 1 year low of $55.59 and a 1 year high of $148.00. The company has a quick ratio of 3.70, a current ratio of 3.95 and a debt-to-equity ratio of 0.96.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on electronic devices, including smartphones and tablets; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications.
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