Brokerages Anticipate Synaptics, Incorporated (NASDAQ:SYNA) to Post $0.74 Earnings Per Share

Equities analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to post earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Synaptics’ earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.69. Synaptics posted earnings per share of $1.24 in the same quarter last year, which would indicate a negative year over year growth rate of 40.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 14th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Synaptics.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.47. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $307.27 million. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. The company’s revenue was down 24.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS.

SYNA has been the topic of a number of research reports. Rosenblatt Securities restated a “hold” rating and issued a $42.00 price objective on shares of Synaptics in a report on Thursday, August 8th. Craig Hallum downgraded Synaptics from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $28.00 in a report on Friday, August 9th. Mizuho reiterated a “hold” rating and set a $35.00 target price on shares of Synaptics in a report on Sunday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price on shares of Synaptics in a report on Sunday, August 11th. Finally, Dougherty & Co upgraded Synaptics from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Synaptics has an average rating of “Hold” and an average target price of $35.33.

Synaptics stock traded down $1.71 during trading hours on Friday, reaching $33.25. The stock had a trading volume of 9,570 shares, compared to its average volume of 683,971. The stock has a market cap of $1.21 billion, a PE ratio of 13.36 and a beta of 1.02. Synaptics has a 52 week low of $26.34 and a 52 week high of $48.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 2.25. The company has a fifty day simple moving average of $32.02 and a 200-day simple moving average of $34.57.

In related news, Director Nelson C. Chan sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $33.25, for a total transaction of $199,500.00. Following the sale, the director now directly owns 39,449 shares in the company, valued at approximately $1,311,679.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Synaptics by 1.4% in the second quarter. Arizona State Retirement System now owns 25,038 shares of the software maker’s stock valued at $730,000 after acquiring an additional 335 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Synaptics by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock valued at $47,000 after purchasing an additional 395 shares during the period. Rhumbline Advisers lifted its stake in shares of Synaptics by 0.4% in the 1st quarter. Rhumbline Advisers now owns 108,714 shares of the software maker’s stock valued at $4,321,000 after purchasing an additional 466 shares during the period. Cardinal Capital Management lifted its stake in shares of Synaptics by 3.1% in the 2nd quarter. Cardinal Capital Management now owns 20,681 shares of the software maker’s stock valued at $603,000 after purchasing an additional 621 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of Synaptics by 3.1% in the 1st quarter. Texas Permanent School Fund now owns 23,359 shares of the software maker’s stock valued at $929,000 after purchasing an additional 705 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

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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