Synaptics (SYNA) Expected to Post Earnings of $0.90 Per Share

Analysts forecast that Synaptics (NASDAQ:SYNA) will announce $0.90 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Synaptics’ earnings. The highest EPS estimate is $0.92 and the lowest is $0.89. Synaptics posted earnings of $1.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 29.1%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Synaptics.

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Synaptics (NASDAQ:SYNA) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, topping the consensus estimate of $1.08 by $0.03. The business had revenue of $430.40 million during the quarter, compared to the consensus estimate of $430.59 million. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. Synaptics’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 11th. Mizuho raised shares of Synaptics from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $55.00 in a report on Wednesday, April 11th. KeyCorp raised shares of Synaptics from a “sector weight” rating to an “overweight” rating in a report on Friday, January 12th. Finally, Craig Hallum reissued a “buy” rating and issued a $49.00 price objective (up previously from $43.00) on shares of Synaptics in a report on Thursday, February 8th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.68.

Shares of SYNA stock traded down $1.38 during midday trading on Friday, hitting $46.20. 186,910 shares of the company were exchanged, compared to its average volume of 727,413. The company has a market capitalization of $1,650.76, a price-to-earnings ratio of 13.97, a PEG ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.85 and a current ratio of 2.36. Synaptics has a 52 week low of $33.73 and a 52 week high of $64.54.

In other news, CEO Rick Bergman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $45.58, for a total value of $91,160.00. Following the completion of the transaction, the chief executive officer now directly owns 128,523 shares in the company, valued at approximately $5,858,078.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Mcfarland sold 641 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.00, for a total transaction of $28,845.00. The disclosure for this sale can be found here. Insiders sold a total of 6,158 shares of company stock valued at $278,444 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. State of Tennessee Treasury Department raised its position in shares of Synaptics by 7.6% in the 4th quarter. State of Tennessee Treasury Department now owns 1,325,800 shares of the software maker’s stock valued at $52,952,000 after buying an additional 93,800 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Synaptics by 11.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,214,796 shares of the software maker’s stock valued at $47,596,000 after buying an additional 125,826 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Synaptics by 1.4% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,014,352 shares of the software maker’s stock valued at $40,513,000 after buying an additional 14,010 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Synaptics by 25.1% in the 4th quarter. Bank of New York Mellon Corp now owns 557,076 shares of the software maker’s stock valued at $22,250,000 after buying an additional 111,653 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Synaptics by 183.4% in the 4th quarter. Two Sigma Advisers LP now owns 543,920 shares of the software maker’s stock valued at $21,724,000 after buying an additional 352,000 shares in the last quarter.

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Synaptics Company Profile

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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