Wall Street analysts expect that Synaptics Incorporated (NASDAQ:SYNA) will report $431.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Synaptics’ earnings, with the highest sales estimate coming in at $435.90 million and the lowest estimate coming in at $430.00 million. Synaptics reported sales of $461.30 million in the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Synaptics will report full-year sales of $431.92 million for the current fiscal year, with estimates ranging from $1.66 billion to $1.70 billion. For the next financial year, analysts forecast that the firm will report sales of $1.74 billion per share, with estimates ranging from $1.57 billion to $1.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Synaptics.

Synaptics (NASDAQ:SYNA) last released its earnings results on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.46. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $398.68 million. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis.

SYNA has been the topic of a number of research reports. BidaskClub downgraded shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Oppenheimer reiterated an “underperform” rating and issued a $35.00 target price on shares of Synaptics in a report on Thursday, September 14th. Rosenblatt Securities downgraded shares of Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Friday, November 3rd. Cowen set a $60.00 target price on shares of Synaptics and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Synaptics in a report on Sunday, November 19th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.03.

Synaptics (SYNA) traded up $1.10 during midday trading on Thursday, hitting $38.84. 1,099,855 shares of the company were exchanged, compared to its average volume of 1,502,013. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. Synaptics has a twelve month low of $33.73 and a twelve month high of $64.54. The company has a market cap of $1,321.76, a P/E ratio of 11.88, a P/E/G ratio of 0.93 and a beta of 1.19.

In other Synaptics news, CFO Wajid Ali sold 2,918 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total value of $121,826.50. Following the transaction, the chief financial officer now owns 27,281 shares in the company, valued at approximately $1,138,981.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rick Bergman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the transaction, the insider now owns 130,307 shares in the company, valued at approximately $5,212,280. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Highlander Capital Management LLC acquired a new position in Synaptics in the 2nd quarter valued at approximately $104,000. Riverhead Capital Management LLC increased its stake in Synaptics by 95.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock valued at $141,000 after buying an additional 1,330 shares during the period. LS Investment Advisors LLC increased its stake in Synaptics by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock valued at $143,000 after buying an additional 421 shares during the period. PNC Financial Services Group Inc. increased its stake in Synaptics by 51.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after buying an additional 948 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Synaptics in the 2nd quarter valued at approximately $147,000. Hedge funds and other institutional investors own 97.74% of the company’s stock.

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About Synaptics

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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Earnings History and Estimates for Synaptics (NASDAQ:SYNA)

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