Synaptics (SYNA) to Release Earnings on Thursday

Synaptics (NASDAQ:SYNA) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Synaptics to post earnings of $0.50 per share for the quarter. Synaptics has set its Q3 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The firm had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.26 million. During the same period in the prior year, the firm earned $1.47 EPS. The firm’s revenue was down 32.9% on a year-over-year basis. On average, analysts expect Synaptics to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Synaptics Trading Up 1.0 %

Synaptics stock opened at $91.20 on Tuesday. The stock has a 50-day moving average price of $94.97 and a 200 day moving average price of $100.87. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -45.83 and a beta of 1.59. Synaptics has a 52 week low of $72.64 and a 52 week high of $121.37. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79.

Insider Buying and Selling at Synaptics

In related news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total value of $382,392.00. Following the completion of the transaction, the insider now owns 31,847 shares of the company’s stock, valued at $3,367,820.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SYNA. Susquehanna raised their price objective on Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Rosenblatt Securities lifted their price target on Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Friday, February 9th. Finally, Mizuho lowered their price objective on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.67.

Synaptics Company Profile

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.