Equities analysts expect that Synaptics, Incorporated (NASDAQ:SYNA) will report $0.34 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Synaptics’ earnings, with estimates ranging from $0.32 to $0.37. Synaptics reported earnings of $0.88 per share during the same quarter last year, which indicates a negative year over year growth rate of 61.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 14th.

Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Synaptics.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.47. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. The business had revenue of $295.10 million during the quarter, compared to the consensus estimate of $307.27 million. During the same quarter last year, the firm earned $1.00 earnings per share. Synaptics’s quarterly revenue was down 24.0% on a year-over-year basis.

A number of equities analysts recently weighed in on SYNA shares. BMO Capital Markets lifted their target price on shares of Synaptics from $29.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Rosenblatt Securities reissued a “hold” rating and set a $42.00 target price on shares of Synaptics in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Synaptics in a research note on Sunday, August 11th. Dougherty & Co raised shares of Synaptics from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, August 9th. Finally, Zacks Investment Research downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.33.

NASDAQ SYNA traded up $0.72 during mid-day trading on Friday, reaching $39.06. 31,092 shares of the stock were exchanged, compared to its average volume of 454,413. Synaptics has a one year low of $26.34 and a one year high of $47.87. The stock has a 50 day simple moving average of $33.18 and a 200-day simple moving average of $33.82. The stock has a market cap of $1.27 billion, a P/E ratio of 15.63 and a beta of 0.96. 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 other Synaptics news, Director Nelson C. Chan sold 6,000 shares of Synaptics stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.25, for a total value of $199,500.00. Following the completion of the sale, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SYNA. Penserra Capital Management LLC raised its position in shares of Synaptics by 50.0% in the first quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock valued at $47,000 after purchasing an additional 395 shares during the period. TRUE Private Wealth Advisors bought a new stake in Synaptics during the 2nd quarter worth approximately $56,000. US Bancorp DE increased its holdings in Synaptics by 80.1% during the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after acquiring an additional 959 shares during the period. Bank of Montreal Can increased its holdings in Synaptics by 188.6% during the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after acquiring an additional 2,284 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Synaptics during the 2nd quarter worth approximately $113,000. Hedge funds and other institutional investors own 95.82% 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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