Wall Street brokerages expect Synaptics, Incorporated (NASDAQ:SYNA) to report sales of $308.86 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Synaptics’ earnings, with the lowest sales estimate coming in at $305.80 million and the highest estimate coming in at $310.10 million. Synaptics posted sales of $388.50 million during the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 8th.

On average, analysts expect that Synaptics will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $1.48 billion to $1.49 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.43 billion, with estimates ranging from $1.33 billion to $1.51 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Synaptics.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.52. The business 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%. Synaptics’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share.

SYNA has been the subject of several analyst reports. BidaskClub upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Zacks Investment Research raised shares of Synaptics from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a report on Thursday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Synaptics from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. ValuEngine cut Synaptics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective (down from $60.00) on shares of Synaptics in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.40.

In other Synaptics news, SVP John Mcfarland sold 2,829 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $95,507.04. Following the transaction, the senior vice president now owns 21,871 shares in the company, valued at approximately $738,364.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new stake in shares of Synaptics during the 4th quarter worth approximately $38,000. Penserra Capital Management LLC lifted its stake in 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 buying an additional 395 shares in the last quarter. US Bancorp DE lifted its stake in Synaptics by 50.2% in the 1st quarter. US Bancorp DE now owns 1,197 shares of the software maker’s stock valued at $48,000 after buying an additional 400 shares in the last quarter. Neuburgh Advisers LLC lifted its stake in Synaptics by 11.8% in the 4th quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock valued at $124,000 after buying an additional 352 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Synaptics in the 1st quarter valued at approximately $136,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

SYNA stock traded down $0.88 during trading hours on Tuesday, reaching $28.02. The stock had a trading volume of 14,787 shares, compared to its average volume of 683,140. The stock has a market cap of $973.59 million, a P/E ratio of 14.12 and a beta of 1.09. Synaptics has a fifty-two week low of $26.34 and a fifty-two week high of $55.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.19 and a quick ratio of 2.56.

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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