Synaptics, Incorporated (SYNA) Expected to Post Earnings of $0.32 Per Share

Equities analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to report earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Synaptics’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.35. Synaptics posted earnings per share of $1.00 during the same quarter last year, which would indicate a negative year over year growth rate of 68%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 8th.

Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Synaptics.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.31 by $0.52. The firm had revenue of $334.00 million during the quarter, compared to the consensus estimate of $345.30 million. Synaptics had a net margin of 1.39% and a return on equity of 15.21%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share.

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price objective (down from $45.00) on shares of Synaptics in a research note on Friday, May 10th. Mizuho lowered their price objective on shares of Synaptics from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Craig Hallum reaffirmed a “buy” rating and set a $47.00 price objective (down from $48.00) on shares of Synaptics in a research note on Monday, April 8th. Finally, BMO Capital Markets lowered their price objective on shares of Synaptics to $29.00 and set a “market perform” rating for the company in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Synaptics presently has a consensus rating of “Hold” and a consensus target price of $44.40.

Shares of NASDAQ:SYNA traded down $0.45 during midday trading on Friday, hitting $27.61. 4,901 shares of the stock traded hands, compared to its average volume of 712,282. The company has a market cap of $964.56 million, a price-to-earnings ratio of 14.18 and a beta of 0.86. The company has a current ratio of 3.19, a quick ratio of 2.56 and a debt-to-equity ratio of 0.64. Synaptics has a one year low of $27.43 and a one year high of $55.25.

In related news, SVP John Mcfarland sold 2,829 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $33.76, for a total value of $95,507.04. Following the completion of the transaction, the senior vice president now directly owns 21,871 shares of the company’s stock, valued at $738,364.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in SYNA. Goldman Sachs Group Inc. boosted its holdings in shares of Synaptics by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 897,502 shares of the software maker’s stock valued at $35,675,000 after acquiring an additional 54,409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Synaptics by 24.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 395,778 shares of the software maker’s stock valued at $15,733,000 after acquiring an additional 76,796 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Synaptics by 23.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,920 shares of the software maker’s stock valued at $17,089,000 after acquiring an additional 81,580 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Synaptics in the 1st quarter valued at $224,000. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Synaptics in the 1st quarter valued at $2,981,000. 98.09% of the stock is owned by institutional investors.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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