Synaptics (SYNA) to Release Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNA – Get Rating) is set to release its earnings data after the market closes on Thursday, May 5th. Analysts expect Synaptics to post earnings of $2.98 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Synaptics (NASDAQ:SYNA – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The software maker reported $2.54 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.13). Synaptics had a return on equity of 30.47% and a net margin of 9.85%. The business had revenue of $420.50 million for the quarter, compared to the consensus estimate of $422.90 million. During the same period last year, the firm earned $1.79 earnings per share. On average, analysts expect Synaptics to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of NASDAQ:SYNA opened at $145.63 on Thursday. The company’s 50-day moving average price is $197.05 and its two-hundred day moving average price is $224.38. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.94 and a quick ratio of 2.58. Synaptics has a one year low of $114.05 and a one year high of $299.39. The stock has a market capitalization of $5.72 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.22.

Several brokerages have commented on SYNA. TheStreet cut shares of Synaptics from a “b” rating to a “c+” rating in a research report on Monday, February 7th. Zacks Investment Research cut shares of Synaptics from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. StockNews.com began coverage on shares of Synaptics in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Needham & Company LLC upped their target price on shares of Synaptics from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday, February 4th. Finally, Wells Fargo & Company began coverage on shares of Synaptics in a report on Thursday, April 7th. They issued an “equal weight” rating and a $185.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $273.08.

In other Synaptics news, insider Dean Warren Butler sold 1,448 shares of the stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $209.69, for a total transaction of $303,631.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Several large investors have recently made changes to their positions in SYNA. Morgan Stanley grew its position in shares of Synaptics by 99.7% during the 2nd quarter. Morgan Stanley now owns 267,957 shares of the software maker’s stock worth $41,689,000 after purchasing an additional 133,810 shares in the last quarter. Barclays PLC grew its position in shares of Synaptics by 109.5% during the 4th quarter. Barclays PLC now owns 79,075 shares of the software maker’s stock worth $22,894,000 after purchasing an additional 41,328 shares in the last quarter. LPL Financial LLC grew its position in shares of Synaptics by 23.5% during the 4th quarter. LPL Financial LLC now owns 3,053 shares of the software maker’s stock worth $884,000 after purchasing an additional 580 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Synaptics by 57.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 615 shares of the software maker’s stock worth $178,000 after acquiring an additional 224 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Synaptics during the 4th quarter worth approximately $16,366,000. Hedge funds and other institutional investors own 92.22% of the company’s stock.

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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