Equities research analysts expect that Synaptics, Incorporated (NASDAQ:SYNA) will post $314.11 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Synaptics’ earnings, with the lowest sales estimate coming in at $309.60 million and the highest estimate coming in at $317.80 million. Synaptics reported sales of $417.60 million in the same quarter last year, which indicates a negative year-over-year growth rate of 24.8%. The business is scheduled to announce its next earnings report on Thursday, November 14th.
On average, analysts expect that Synaptics will report full-year sales of $1.26 billion for the current financial year, with estimates ranging from $1.25 billion to $1.30 billion. For the next financial year, analysts anticipate that the company will post sales of $1.23 billion, with estimates ranging from $1.18 billion to $1.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Synaptics.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.47. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The firm had revenue of $295.10 million for the quarter, compared to the consensus estimate of $307.27 million. During the same quarter last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 24.0% compared to the same quarter last year.
Shares of NASDAQ SYNA traded up $0.72 during trading on Tuesday, hitting $39.06. The company had a trading volume of 79,822 shares, compared to its average volume of 479,625. The stock has a 50 day simple moving average of $33.31 and a 200 day simple moving average of $33.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.25 and a current ratio of 2.88. Synaptics has a 12 month low of $26.34 and a 12 month high of $47.87. The firm has a market capitalization of $1.26 billion, a P/E ratio of 15.62 and a beta of 0.96.
In other Synaptics news, Director Nelson C. Chan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.25, for a total transaction of $199,500.00. Following the completion of the transaction, the director now owns 39,449 shares in the company, valued at approximately $1,311,679.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its holdings in Synaptics by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 25,038 shares of the software maker’s stock valued at $730,000 after buying an additional 335 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Synaptics by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock valued at $47,000 after buying an additional 395 shares in the last quarter. Rhumbline Advisers grew its holdings in Synaptics by 0.4% during the 1st quarter. Rhumbline Advisers now owns 108,714 shares of the software maker’s stock valued at $4,321,000 after buying an additional 466 shares in the last quarter. Cardinal Capital Management grew its holdings in Synaptics by 3.1% during the 2nd quarter. Cardinal Capital Management now owns 20,681 shares of the software maker’s stock valued at $603,000 after buying an additional 621 shares in the last quarter. Finally, Texas Permanent School Fund grew its holdings in Synaptics by 3.1% during the 1st quarter. Texas Permanent School Fund now owns 23,359 shares of the software maker’s stock valued at $929,000 after buying an additional 705 shares in the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
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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