Synaptics (NASDAQ:SYNA) issued its earnings results on Thursday. The software maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.14 by $0.10, RTT News reports. Synaptics had a negative net margin of 7.61% and a positive return on equity of 11.07%. The company had revenue of $417.60 million for the quarter, compared to the consensus estimate of $410.60 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis.
Shares of Synaptics stock opened at $36.91 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.14 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.24 and a beta of 0.94. Synaptics has a 12-month low of $34.66 and a 12-month high of $55.25.
A number of institutional investors have recently modified their holdings of SYNA. Fisher Asset Management LLC purchased a new position in Synaptics during the 2nd quarter valued at $47,293,000. Victory Capital Management Inc. purchased a new position in Synaptics during the 2nd quarter valued at $29,211,000. Putnam Investments LLC purchased a new position in Synaptics during the 2nd quarter valued at $20,284,000. FMR LLC increased its position in Synaptics by 35.6% during the 2nd quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock valued at $50,763,000 after purchasing an additional 264,700 shares during the period. Finally, Arrowgrass Capital Partners US LP purchased a new position in Synaptics during the 2nd quarter valued at $8,445,000. 98.32% of the stock is currently owned by institutional investors and hedge funds.
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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