Synaptics (SYNA) to Release Earnings on Thursday

Synaptics (NASDAQ:SYNA) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Synaptics to post earnings of $0.50 per share for the quarter. Synaptics has set its Q3 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company’s revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. On average, analysts expect Synaptics to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Synaptics Price Performance

NASDAQ SYNA opened at $87.62 on Thursday. The business’s fifty day moving average price is $95.82 and its 200-day moving average price is $100.95. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -44.03 and a beta of 1.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04. Synaptics has a 1-year low of $67.73 and a 1-year high of $121.37.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC raised their target price on Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 9th. TD Cowen raised their target price on Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Craig Hallum cut Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Friday, February 9th. Susquehanna raised their target price on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Finally, KeyCorp raised their target price on Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.40.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 3,616 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the transaction, the insider now owns 31,847 shares in the company, valued at $3,367,820.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.