Synaptics (SYNA) Scheduled to Post Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNAGet Free Report) will be posting its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Synaptics to post earnings of $0.46 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Synaptics (NASDAQ:SYNAGet Free Report) last posted its earnings results on Thursday, November 9th. The software maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. The firm had revenue of $237.70 million for the quarter, compared to analyst estimates of $230.43 million. Synaptics had a positive return on equity of 7.24% and a negative net margin of 4.07%. The company’s revenue for the quarter was down 47.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 earnings per share. On average, analysts expect Synaptics to post $0 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Synaptics Stock Performance

SYNA stock opened at $103.85 on Wednesday. The business’s 50-day moving average price is $108.75 and its two-hundred day moving average price is $96.86. The company has a current ratio of 4.52, a quick ratio of 3.98 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.07 billion, a PE ratio of -85.83 and a beta of 1.61. Synaptics has a 1-year low of $67.73 and a 1-year high of $131.16.

Analysts Set New Price Targets

Several research analysts have weighed in on SYNA shares. KeyCorp lifted their target price on Synaptics from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Mizuho dropped their price target on Synaptics from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Susquehanna lifted their price target on Synaptics from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Friday, November 10th. Rosenblatt Securities lifted their price target on Synaptics from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, StockNews.com downgraded Synaptics from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and an average price target of $115.91.

View Our Latest Stock Report on SYNA

Insider Transactions at Synaptics

In other news, insider John Mcfarland sold 884 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $105.83, for a total transaction of $93,553.72. Following the completion of the sale, the insider now owns 15,183 shares in the company, valued at $1,606,816.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Synaptics

A number of institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics in the first quarter valued at approximately $49,000. Belpointe Asset Management LLC boosted its stake in shares of Synaptics by 112.9% in the first quarter. Belpointe Asset Management LLC now owns 364 shares of the software maker’s stock valued at $40,000 after buying an additional 193 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Synaptics in the fourth quarter valued at approximately $76,000. State of Wyoming boosted its stake in shares of Synaptics by 27.2% in the fourth quarter. State of Wyoming now owns 1,033 shares of the software maker’s stock valued at $98,000 after buying an additional 221 shares during the period. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Synaptics by 12.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock valued at $248,000 after buying an additional 135 shares during the period. Institutional investors own 91.51% of the company’s stock.

Synaptics Company Profile

(Get Free Report)

Synaptics Incorporated develops, markets, and sells semiconductor products 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, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

Further Reading

Earnings History for Synaptics (NASDAQ:SYNA)

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