Equities research analysts forecast that Synaptics Incorporated (NASDAQ:SYNA – Get Rating) will report earnings per share of $3.52 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Synaptics’ earnings, with the highest EPS estimate coming in at $3.72 and the lowest estimate coming in at $3.67. Synaptics reported earnings per share of $2.18 during the same quarter last year, which suggests a positive year-over-year growth rate of 61.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Synaptics.
Synaptics (NASDAQ:SYNA – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The software maker reported $3.75 EPS for the quarter, beating the consensus estimate of $3.55 by $0.20. Synaptics had a net margin of 12.17% and a return on equity of 34.97%. The firm had revenue of $470.10 million during the quarter, compared to the consensus estimate of $464.65 million. During the same quarter in the prior year, the firm earned $1.39 EPS. Synaptics’s revenue for the quarter was up 44.3% on a year-over-year basis.
In other Synaptics news, insider Dean Warren Butler sold 1,126 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $155.61, for a total value of $175,216.86. Following the transaction, the insider now directly owns 26,651 shares in the company, valued at approximately $4,147,162.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kiva A. Allgood sold 196 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $155.61, for a total transaction of $30,499.56. Following the sale, the director now directly owns 6,654 shares in the company, valued at $1,035,428.94. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crestline Management LP acquired a new stake in Synaptics during the third quarter worth approximately $2,721,000. Braun Stacey Associates Inc. acquired a new stake in Synaptics during the third quarter worth approximately $21,357,000. Virtue Capital Management LLC acquired a new stake in Synaptics during the fourth quarter worth approximately $1,273,000. State of Michigan Retirement System boosted its position in Synaptics by 12.5% during the fourth quarter. State of Michigan Retirement System now owns 9,935 shares of the software maker’s stock worth $2,876,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Syquant Capital Sas acquired a new stake in Synaptics during the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.
SYNA traded up $7.28 during trading on Friday, hitting $145.21. The stock had a trading volume of 649,024 shares, compared to its average volume of 655,463. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.80 and a current ratio of 3.17. The firm has a market capitalization of $5.75 billion, a P/E ratio of 30.44 and a beta of 1.34. The company’s 50-day moving average price is $181.20 and its 200 day moving average price is $222.49. Synaptics has a twelve month low of $117.00 and a twelve month high of $299.39.
Synaptics Company Profile (Get Rating)
Synaptics Incorporated develops and supplies semiconductor products and solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
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