Wall Street brokerages expect Synaptics, Incorporated (NASDAQ:SYNA) to announce earnings of $1.36 per share for the current quarter, Zacks reports. Three analysts have made estimates for Synaptics’ earnings. The highest EPS estimate is $1.38 and the lowest is $1.32. Synaptics reported earnings of $1.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 6th.

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

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, November 8th. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. The company had revenue of $417.60 million for the quarter, compared to analysts’ expectations of $410.60 million. Synaptics had a negative net margin of 5.75% and a positive return on equity of 12.96%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Rosenblatt Securities set a $55.00 price objective on shares of Synaptics and gave the company a “hold” rating in a research report on Saturday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of Synaptics from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Lake Street Capital reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Synaptics in a research report on Friday, August 10th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $56.00 price objective (up from $51.00) on shares of Synaptics in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Synaptics has a consensus rating of “Hold” and a consensus target price of $53.50.

In related news, insider Kevin D. Barber sold 12,865 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $34.69, for a total value of $446,286.85. Following the sale, the insider now directly owns 14,001 shares of the company’s stock, valued at approximately $485,694.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC lifted its position in Synaptics by 120.0% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 38,500 shares of the software maker’s stock worth $1,939,000 after buying an additional 21,000 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in Synaptics by 6.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 38,745 shares of the software maker’s stock worth $1,952,000 after buying an additional 2,353 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Synaptics by 14.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 294,349 shares of the software maker’s stock worth $14,827,000 after buying an additional 37,239 shares in the last quarter. Putnam Investments LLC bought a new stake in Synaptics during the 2nd quarter worth about $20,284,000. Finally, Millennium Management LLC lifted its position in Synaptics by 39.4% during the 2nd quarter. Millennium Management LLC now owns 425,432 shares of the software maker’s stock worth $21,429,000 after buying an additional 120,346 shares in the last quarter. 99.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SYNA traded up $0.42 during midday trading on Wednesday, reaching $35.80. 608,736 shares of the stock were exchanged, compared to its average volume of 711,708. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.33 and a beta of 0.94. Synaptics has a 12 month low of $33.54 and a 12 month high of $55.25. The company has a quick ratio of 1.93, a current ratio of 2.42 and a debt-to-equity ratio of 0.64.

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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