$1.88 Earnings Per Share Expected for Synaptics Incorporated (NASDAQ:SYNA) This Quarter

Equities analysts expect that Synaptics Incorporated (NASDAQ:SYNA) will report $1.88 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Synaptics’ earnings. The lowest EPS estimate is $1.77 and the highest is $1.91. Synaptics posted earnings of $1.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 26.2%. The firm is expected to issue its next earnings report after the market closes on Thursday, May 6th.

Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Synaptics.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 4th. The software maker reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.51. Synaptics had a net margin of 8.47% and a return on equity of 21.89%. The firm had revenue of $357.60 million for the quarter, compared to analysts’ expectations of $356.68 million.

SYNA has been the topic of several research reports. Craig Hallum raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Tuesday, February 16th. Rosenblatt Securities upped their target price on shares of Synaptics from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 5th. Zacks Investment Research raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a report on Friday. TheStreet raised shares of Synaptics from a “c+” rating to a “b” rating in a research note on Monday, February 8th. Finally, Cowen raised shares of Synaptics from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $176.00 in a research note on Monday. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $142.92.

Shares of NASDAQ SYNA traded down $2.91 during midday trading on Tuesday, hitting $135.30. The company’s stock had a trading volume of 648,039 shares, compared to its average volume of 493,244. The stock has a fifty day moving average price of $136.60 and a 200 day moving average price of $108.38. Synaptics has a one year low of $55.59 and a one year high of $146.93. The company has a current ratio of 2.41, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 42.41, a P/E/G ratio of 1.89 and a beta of 1.17.

In related news, Director Jeffrey D. Buchanan sold 2,400 shares of the stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $119.92, for a total value of $287,808.00. Following the completion of the transaction, the director now directly owns 12,548 shares in the company, valued at approximately $1,504,756.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Saleel Awsare sold 1,794 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $122.01, for a total transaction of $218,885.94. Following the completion of the transaction, the insider now owns 41,808 shares of the company’s stock, valued at $5,100,994.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,313 shares of company stock valued at $2,740,768. 0.85% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SYNA. Great West Life Assurance Co. Can increased its stake in Synaptics by 1.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 16,962 shares of the software maker’s stock valued at $1,363,000 after purchasing an additional 310 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Synaptics by 321.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 18,207 shares of the software maker’s stock valued at $1,464,000 after purchasing an additional 13,887 shares in the last quarter. Sei Investments Co. increased its stake in Synaptics by 69.3% during the 3rd quarter. Sei Investments Co. now owns 49,714 shares of the software maker’s stock valued at $3,998,000 after purchasing an additional 20,352 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Synaptics by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the software maker’s stock valued at $829,000 after purchasing an additional 100 shares in the last quarter. Finally, Baldwin Brothers Inc. MA bought a new stake in Synaptics during the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on electronic devices, including smartphones and tablets; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications.

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