Synaptics (SYNA) Set to Announce Earnings on Thursday

Synaptics (NASDAQ:SYNA) will release 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.Investors that are interested in registering for the company’s conference call can do so using this link.

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

Synaptics Trading Up 0.3 %

NASDAQ SYNA opened at $91.47 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53. The stock has a market cap of $3.59 billion, a P/E ratio of -45.96 and a beta of 1.59. The stock has a 50 day simple moving average of $94.77 and a two-hundred day simple moving average of $100.88. Synaptics has a fifty-two week low of $72.64 and a fifty-two week high of $121.37.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SYNA shares. Susquehanna lifted their target price on shares of Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, February 9th. TD Cowen raised their price objective on Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Needham & Company LLC lifted their price target on shares of Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Mizuho lowered their price objective on Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Rosenblatt Securities increased their target price on Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

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.