Synaptics, Incorporated (NASDAQ:SYNA) – Stock analysts at Oppenheimer reduced their Q3 2019 earnings estimates for Synaptics in a research note issued on Monday, March 18th. Oppenheimer analyst A. Uerkwitz now expects that the software maker will post earnings per share of $0.30 for the quarter, down from their previous estimate of $0.44. Oppenheimer also issued estimates for Synaptics’ FY2019 earnings at $3.12 EPS and FY2020 earnings at $3.11 EPS.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $421.54 million. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS.

A number of other brokerages also recently issued reports on SYNA. Zacks Investment Research raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, February 7th. BidaskClub downgraded shares of Synaptics from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Mizuho reaffirmed a “buy” rating on shares of Synaptics in a report on Friday, February 8th. Rosenblatt Securities reaffirmed a “hold” rating on shares of Synaptics in a report on Saturday, February 9th. Finally, ValuEngine raised shares of Synaptics from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.64.

Shares of NASDAQ SYNA opened at $32.77 on Thursday. The company has a current ratio of 2.64, a quick ratio of 2.15 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.17 billion, a PE ratio of 16.55 and a beta of 0.91. Synaptics has a 52-week low of $32.68 and a 52-week high of $55.25.

In related news, insider Kermit Nolan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the transaction, the insider now owns 65,611 shares of the company’s stock, valued at $2,722,200.39. The transaction was disclosed in a legal filing with the SEC, 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 SYNA. SG Americas Securities LLC raised its stake in Synaptics by 179.9% during the 3rd quarter. SG Americas Securities LLC now owns 24,847 shares of the software maker’s stock worth $1,134,000 after acquiring an additional 15,970 shares during the period. AXA raised its stake in Synaptics by 84.6% during the 3rd quarter. AXA now owns 86,600 shares of the software maker’s stock worth $3,951,000 after acquiring an additional 39,700 shares during the period. PNC Financial Services Group Inc. raised its stake in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock worth $157,000 after acquiring an additional 1,566 shares during the period. American International Group Inc. raised its stake in Synaptics by 3.3% during the 3rd quarter. American International Group Inc. now owns 94,668 shares of the software maker’s stock worth $4,319,000 after acquiring an additional 3,057 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Synaptics by 46.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 125,919 shares of the software maker’s stock worth $5,964,000 after acquiring an additional 39,800 shares during the period. Institutional investors own 97.80% of the company’s stock.

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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