Brokerages expect Synaptics, Incorporated (NASDAQ:SYNA) to report $1.46 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Synaptics’ earnings. The lowest EPS estimate is $1.41 and the highest is $1.51. Synaptics posted earnings of $1.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.8%. The business is expected to issue its next earnings report on Thursday, February 6th.
Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Synaptics.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, November 7th. The software maker reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.49. Synaptics had a negative net margin of 1.63% and a positive return on equity of 13.40%. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $314.44 million. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm’s quarterly revenue was down 18.6% on a year-over-year basis.
In related news, SVP John Mcfarland sold 2,926 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.00, for a total transaction of $119,966.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kermit Nolan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $62.00, for a total transaction of $124,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,593 shares of company stock valued at $2,224,126. 1.70% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors acquired a new position in Synaptics during the 2nd quarter worth approximately $56,000. US Bancorp DE increased its position in Synaptics by 80.1% during the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can increased its position in Synaptics by 188.6% during the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after purchasing an additional 2,284 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Synaptics during the 2nd quarter worth approximately $113,000. Finally, Neuburgh Advisers LLC increased its position in Synaptics by 34.4% in the 2nd quarter. Neuburgh Advisers LLC now owns 4,496 shares of the software maker’s stock valued at $131,000 after acquiring an additional 1,152 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.
Shares of Synaptics stock traded up $4.66 on Monday, reaching $64.00. 2,845,227 shares of the stock were exchanged, compared to its average volume of 484,597. The firm’s 50 day moving average is $54.19 and its 200-day moving average is $38.58. Synaptics has a one year low of $26.34 and a one year high of $65.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.42 and a current ratio of 2.98. The firm has a market cap of $1.96 billion, a PE ratio of 25.60 and a beta of 1.15.
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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