Brokerages predict that Synaptics Incorporated (NASDAQ:SYNA) will report $1.78 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Synaptics’ earnings, with the highest EPS estimate coming in at $1.97 and the lowest estimate coming in at $1.56. Synaptics reported earnings per share of $1.24 in the same quarter last year, which would suggest a positive year-over-year growth rate of 43.5%. The firm is scheduled to announce its next earnings report on Wednesday, August 4th.
Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Synaptics.
Synaptics (NASDAQ:SYNA) last announced 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 company 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 21.89% and a net margin of 8.47%. Synaptics’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share.
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Synaptics from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $129.00 to $175.00 in a research report on Tuesday, March 16th. Colliers Securities reiterated a “buy” rating on shares of Synaptics in a research report on Thursday, January 28th. Needham & Company LLC raised their price objective on Synaptics from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley upped their target price on Synaptics from $173.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, TheStreet raised shares of Synaptics from a “c+” rating to a “b” rating in a research note on Monday, February 8th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $155.92.
In other news, insider Dean Warren Butler sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $130.13, for a total transaction of $136,636.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Profund Advisors LLC increased its position in Synaptics by 11.8% during the first quarter. Profund Advisors LLC now owns 2,946 shares of the software maker’s stock worth $399,000 after purchasing an additional 310 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Synaptics by 114.3% during the 1st quarter. MML Investors Services LLC now owns 6,127 shares of the software maker’s stock worth $830,000 after buying an additional 3,268 shares during the last quarter. New York Life Investments Alternatives raised its position in shares of Synaptics by 1.1% during the 1st quarter. New York Life Investments Alternatives now owns 14,540 shares of the software maker’s stock valued at $1,969,000 after buying an additional 156 shares during the period. Hancock Whitney Corp lifted its stake in shares of Synaptics by 5.7% in the 1st quarter. Hancock Whitney Corp now owns 127,823 shares of the software maker’s stock valued at $17,310,000 after purchasing an additional 6,842 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in Synaptics in the first quarter valued at about $6,636,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ SYNA opened at $123.72 on Friday. The company has a market capitalization of $4.36 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.96 and a current ratio of 2.41. The company’s fifty day moving average price is $134.44 and its 200 day moving average price is $110.73. Synaptics has a 1 year low of $55.59 and a 1 year high of $146.93.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface…