Wall Street analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to report $308.47 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Synaptics’ earnings. The lowest sales estimate is $305.80 million and the highest is $310.10 million. Synaptics reported sales of $388.50 million during the same quarter last year, which indicates a negative year over year growth rate of 20.6%. The company is expected to issue its next earnings report after the market closes on Thursday, August 8th.

On average, analysts expect that Synaptics will report full-year sales of $1.49 billion for the current year, with estimates ranging from $1.48 billion to $1.49 billion. For the next fiscal year, analysts expect that the business will post sales of $1.45 billion, with estimates ranging from $1.33 billion to $1.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Synaptics.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.52. The firm had revenue of $334.00 million for the quarter, compared to analyst estimates of $345.30 million. Synaptics had a net margin of 1.39% and a return on equity of 15.21%. Synaptics’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share.

Several equities analysts have recently issued reports on SYNA shares. Craig Hallum downgraded shares of SharpSpring from a “buy” rating to a “hold” rating and boosted their price target for the company from $17.00 to $21.00 in a report on Friday, May 10th. ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Mizuho set a $88.00 price target on shares of Gilead Sciences and gave the company a “buy” rating in a report on Friday, May 10th. Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets upped their price objective on shares of Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Synaptics currently has an average rating of “Hold” and an average target price of $41.11.

Synaptics stock traded down $0.02 during mid-day trading on Friday, reaching $32.67. The company’s stock had a trading volume of 455,400 shares, compared to its average volume of 656,694. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The firm’s 50 day moving average is $30.04. The company has a current ratio of 3.19, a quick ratio of 2.56 and a debt-to-equity ratio of 0.64. Synaptics has a twelve month low of $26.34 and a twelve month high of $50.39.

In related news, SVP John Mcfarland sold 2,829 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $33.76, for a total value of $95,507.04. Following the completion of the transaction, the senior vice president now owns 21,871 shares of the company’s stock, valued at approximately $738,364.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SYNA. Arizona State Retirement System boosted its stake in Synaptics by 1.4% in the second quarter. Arizona State Retirement System now owns 25,038 shares of the software maker’s stock valued at $730,000 after acquiring an additional 335 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Synaptics by 50.0% during the first 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 during the period. Rhumbline Advisers boosted its stake in Synaptics by 0.4% during the first 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 during the period. Cardinal Capital Management boosted its stake in Synaptics by 3.1% during the second 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 during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Synaptics by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,982 shares of the software maker’s stock valued at $334,000 after buying an additional 633 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

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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