Synaptics, Incorporated (SYNA) Expected to Post Earnings of $0.95 Per Share
Analysts predict that Synaptics, Incorporated (NASDAQ:SYNA) will post earnings of $0.95 per share for the current quarter, according to Zacks. Six analysts have made estimates for Synaptics’ earnings. The highest EPS estimate is $1.01 and the lowest is $0.88. Synaptics reported earnings per share of $1.27 during the same quarter last year, which suggests a negative year over year growth rate of 25.2%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Synaptics.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. The firm had revenue of $430.40 million during the quarter, compared to analyst estimates of $430.59 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. Synaptics’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share.
In related news, insider Rick Bergman sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 22,100 shares of company stock valued at $1,085,000. Company insiders own 3.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board acquired a new position in shares of Synaptics in the 4th quarter valued at $332,000. Sterneck Capital Management LLC increased its position in shares of Synaptics by 70.5% in the 4th quarter. Sterneck Capital Management LLC now owns 36,220 shares of the software maker’s stock valued at $1,447,000 after acquiring an additional 14,980 shares during the period. Glenview Trust Co increased its position in shares of Synaptics by 32.2% in the 4th quarter. Glenview Trust Co now owns 18,555 shares of the software maker’s stock valued at $741,000 after acquiring an additional 4,515 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Synaptics in the 4th quarter valued at $465,000. Finally, ING Groep NV acquired a new position in shares of Synaptics in the 4th quarter valued at $205,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Synaptics (NASDAQ:SYNA) traded up $1.50 during midday trading on Monday, hitting $42.50. The company had a trading volume of 943,634 shares, compared to its average volume of 965,297. The company has a quick ratio of 1.70, a current ratio of 2.35 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,393.59, a price-to-earnings ratio of 87.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.12. Synaptics has a 12-month low of $33.73 and a 12-month high of $64.54.
Synaptics Company Profile
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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