Analysts Offer Predictions for Synaptics Incorporated’s Q2 2018 Earnings (SYNA)
Synaptics Incorporated (NASDAQ:SYNA) – Investment analysts at Oppenheimer Holdings boosted their Q2 2018 earnings per share (EPS) estimates for Synaptics in a note issued to investors on Wednesday. Oppenheimer Holdings analyst A. Uerkwitz now expects that the software maker will post earnings of $0.70 per share for the quarter, up from their previous estimate of $0.47. Oppenheimer Holdings has a “Sell” rating and a $35.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Synaptics’ Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.55 EPS and FY2019 earnings at $1.56 EPS.
SYNA has been the subject of a number of other reports. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target (down from $65.00) on shares of Synaptics in a research report on Friday, August 4th. CIBC restated an “underperform” rating and issued a $35.00 price target (down from $45.00) on shares of Synaptics in a research report on Tuesday, August 22nd. Craig Hallum restated a “buy” rating and issued a $43.00 price target (down from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Zacks Investment Research lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered Synaptics from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.03.
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Shares of Synaptics (NASDAQ SYNA) opened at $40.27 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The stock has a market capitalization of $1,370.45, a P/E ratio of 12.31, a PEG ratio of 0.96 and a beta of 1.17. Synaptics has a 52-week low of $33.73 and a 52-week high of $64.54.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.46. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share.
A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Synaptics by 1.1% during the third quarter. Wells Fargo & Company MN now owns 183,834 shares of the software maker’s stock worth $7,202,000 after purchasing an additional 2,000 shares in the last quarter. Trexquant Investment LP acquired a new position in Synaptics during the third quarter worth $804,000. JPMorgan Chase & Co. lifted its stake in Synaptics by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 277,975 shares of the software maker’s stock worth $10,860,000 after purchasing an additional 20,109 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in Synaptics by 22.3% during the third quarter. Virginia Retirement Systems ET AL now owns 54,300 shares of the software maker’s stock worth $2,127,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Synaptics by 4.6% during the third quarter. Legal & General Group Plc now owns 27,822 shares of the software maker’s stock worth $1,090,000 after purchasing an additional 1,225 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.
Synaptics Company Profile
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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