Synaptics (NASDAQ:SYNA) announced its quarterly earnings data on Thursday. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.49, Briefing.com reports. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $314.44 million. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was down 18.6% compared to the same quarter last year.
Shares of SYNA traded up $5.36 during midday trading on Friday, hitting $59.01. 3,811,900 shares of the company traded hands, compared to its average volume of 652,419. The stock has a 50-day moving average of $41.61 and a 200-day moving average of $34.40. Synaptics has a one year low of $26.34 and a one year high of $59.35. The firm has a market cap of $1.58 billion, a P/E ratio of 23.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 2.25.
In related news, insider Shawn Tsai-Shyang Liu sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $40.01, for a total value of $32,008.00. Following the transaction, the insider now directly owns 26,355 shares in the company, valued at $1,054,463.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Mcfarland sold 2,926 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.00, for a total transaction of $119,966.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,326 shares of company stock worth $415,474. Company insiders own 1.70% of the company’s stock.
SYNA has been the topic of several analyst reports. ValuEngine cut Synaptics from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet upgraded Synaptics from a “d+” rating to a “c-” rating in a research report on Monday. Dougherty & Co upgraded Synaptics from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, August 9th. Rosenblatt Securities reiterated a “hold” rating and set a $42.00 price target on shares of Synaptics in a research report on Thursday, August 8th. Finally, BMO Capital Markets upped their price target on Synaptics to $50.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.11.
Synaptics Company Profile
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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