Wall Street analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to post earnings of $1.15 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Synaptics’ earnings. The highest EPS estimate is $1.20 and the lowest is $1.10. Synaptics posted earnings per share of $1.03 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.

Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Synaptics.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 9th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.09. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. The company had revenue of $388.50 million for the quarter, compared to analysts’ expectations of $391.75 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Synaptics’s revenue was down 8.9% compared to the same quarter last year.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Synaptics from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. ValuEngine lowered Synaptics from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Lake Street Capital restated a “hold” rating and set a $52.00 target price on shares of Synaptics in a report on Friday, August 10th. Rosenblatt Securities set a $55.00 target price on Synaptics and gave the stock a “hold” rating in a report on Saturday, August 11th. Finally, Craig Hallum restated a “buy” rating and set a $56.00 target price (up previously from $51.00) on shares of Synaptics in a report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $53.20.

In other Synaptics news, insider Rick Bergman sold 20,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $48.35, for a total transaction of $967,000.00. Following the completion of the sale, the insider now owns 148,960 shares in the company, valued at $7,202,216. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Synaptics during the second quarter worth $166,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Synaptics by 53.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock valued at $197,000 after purchasing an additional 1,500 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of Synaptics during the 1st quarter valued at $222,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Synaptics during the 1st quarter valued at $226,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Synaptics during the 2nd quarter valued at $252,000. Institutional investors own 98.21% of the company’s stock.

NASDAQ:SYNA traded down $0.17 during midday trading on Friday, hitting $47.09. The stock had a trading volume of 570,156 shares, compared to its average volume of 476,364. Synaptics has a one year low of $33.73 and a one year high of $55.25. The stock has a market cap of $1.67 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 1.62 and a beta of 0.81. The company has a quick ratio of 2.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.62.

About Synaptics

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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