Equities analysts forecast that Synaptics (NASDAQ:SYNA) will report $401.42 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Synaptics’ earnings, with estimates ranging from $400.00 million to $402.70 million. Synaptics posted sales of $444.20 million during the same quarter last year, which suggests a negative year over year growth rate of 9.6%. The firm is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Synaptics will report full year sales of $1.68 billion for the current year, with estimates ranging from $1.67 billion to $1.69 billion. For the next financial year, analysts forecast that the firm will post sales of $1.77 billion per share, with estimates ranging from $1.74 billion to $1.82 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Synaptics.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.03. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The firm had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $430.59 million. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis.
SYNA has been the topic of a number of research reports. KeyCorp upgraded shares of Synaptics from a “sector weight” rating to an “overweight” rating in a report on Friday, January 12th. ValuEngine cut shares of Synaptics from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Stifel Nicolaus dropped their target price on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Synaptics in a report on Tuesday, February 6th. Finally, BidaskClub upgraded shares of Synaptics from a “strong sell” rating to a “sell” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.68.
In other news, SVP John Mcfarland sold 641 shares of Synaptics stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $45.00, for a total value of $28,845.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nelson C. Chan sold 3,000 shares of Synaptics stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $45.17, for a total value of $135,510.00. Following the completion of the transaction, the director now directly owns 25,231 shares of the company’s stock, valued at approximately $1,139,684.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,158 shares of company stock valued at $278,444. 3.70% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SYNA. Amalgamated Bank purchased a new position in Synaptics in the 4th quarter worth about $201,000. ING Groep NV purchased a new position in Synaptics in the 4th quarter worth about $205,000. AMP Capital Investors Ltd purchased a new position in Synaptics in the 4th quarter worth about $216,000. Crossmark Global Holdings Inc. purchased a new position in Synaptics in the 4th quarter worth about $264,000. Finally, Macquarie Group Ltd. purchased a new position in Synaptics in the 3rd quarter worth about $266,000.
Shares of SYNA stock traded down $1.38 during mid-day trading on Monday, reaching $46.20. 186,910 shares of the company’s stock traded hands, compared to its average volume of 727,413. Synaptics has a 12 month low of $33.73 and a 12 month high of $64.54. The stock has a market cap of $1,650.76, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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