Analysts expect that Synaptics Incorporated (NASDAQ:SYNA) will report earnings per share of $0.98 for the current quarter, according to Zacks. Nine analysts have made estimates for Synaptics’ earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $0.89. Synaptics posted earnings per share of $0.96 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to announce its next earnings results on Thursday, October 26th.
Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Synaptics.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter last year, the company posted $0.46 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Synaptics from a “sell” rating to a “hold” rating and set a $44.00 price target for the company in a report on Friday. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday. CIBC reissued an “underperform” rating and set a $35.00 price target (down from $45.00) on shares of Synaptics in a report on Tuesday. Oppenheimer Holdings, Inc. cut their price target on shares of Synaptics from $45.00 to $35.00 and set an “underperform” rating for the company in a report on Tuesday. Finally, Citigroup Inc. reissued an “underperform” rating and set a $35.00 price target (down from $45.00) on shares of Synaptics in a report on Tuesday. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.97.
In other news, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $55.61, for a total value of $556,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the sale, the director now directly owns 16,166 shares in the company, valued at approximately $904,002.72. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock valued at $207,921,000 after buying an additional 4,182,029 shares during the period. Ameriprise Financial Inc. raised its stake in Synaptics by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock valued at $261,064,000 after buying an additional 697,328 shares during the period. Koch Industries Inc. purchased a new stake in Synaptics during the second quarter valued at about $551,000. FMR LLC raised its stake in Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock valued at $25,441,000 after buying an additional 408,500 shares during the period. Finally, Morgan Stanley raised its stake in Synaptics by 180.2% in the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock valued at $30,206,000 after buying an additional 392,375 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Synaptics (SYNA) traded up 1.59% during trading on Friday, hitting $40.33. The company had a trading volume of 535,118 shares. Synaptics has a 12 month low of $38.50 and a 12 month high of $69.45. The company has a market cap of $1.36 billion, a PE ratio of 29.44 and a beta of 1.13. The company’s 50 day moving average price is $48.08 and its 200-day moving average price is $52.31.
Synaptics Company Profile
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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