Equities research analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to post $308.86 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Synaptics’ earnings. The highest sales estimate is $310.10 million and the lowest is $305.80 million. Synaptics reported sales of $388.50 million in the same quarter last year, which indicates a negative year-over-year growth rate of 20.5%. The company is expected to issue its next quarterly earnings results on Thursday, August 8th.
On average, analysts expect that Synaptics will report full-year sales of $1.49 billion for the current financial year, with estimates ranging from $1.48 billion to $1.49 billion. For the next year, analysts expect that the firm will report sales of $1.43 billion, with estimates ranging from $1.33 billion to $1.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Synaptics.
Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 9th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.52. The company had revenue of $334.00 million during the quarter, compared to analyst estimates of $345.30 million. Synaptics had a return on equity of 15.21% and a net margin of 1.39%. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS.
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Yum China from $36.50 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price objective (down from $45.00) on shares of Synaptics in a research report on Friday, May 10th. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 21st. Finally, Mizuho set a $88.00 price objective on Gilead Sciences and gave the company a “buy” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.44.
In other Synaptics news, SVP John Mcfarland sold 2,829 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $95,507.04. Following the completion of the transaction, the senior vice president now owns 21,871 shares of the company’s stock, valued at approximately $738,364.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Synaptics by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,741,214 shares of the software maker’s stock valued at $64,791,000 after acquiring an additional 142,207 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Synaptics by 190.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 610,000 shares of the software maker’s stock valued at $24,248,000 after acquiring an additional 400,000 shares during the period. Geode Capital Management LLC raised its stake in Synaptics by 30.4% in the 4th quarter. Geode Capital Management LLC now owns 538,257 shares of the software maker’s stock valued at $20,028,000 after acquiring an additional 125,449 shares during the period. Norges Bank bought a new stake in Synaptics in the 4th quarter valued at $17,801,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Synaptics by 23.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,920 shares of the software maker’s stock valued at $17,089,000 after acquiring an additional 81,580 shares during the period. Institutional investors own 96.54% of the company’s stock.
Shares of Synaptics stock traded up $0.05 during trading on Thursday, hitting $30.51. 343,262 shares of the company were exchanged, compared to its average volume of 663,692. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.41 and a beta of 1.07. Synaptics has a 1-year low of $26.34 and a 1-year high of $51.67. The stock has a fifty day moving average price of $28.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.19 and a quick ratio of 2.56.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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