Synaptics (SYNA) Scheduled to Post Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNA) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Synaptics has set its Q1 2025 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 results on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $247.40 million for the quarter, compared to analyst estimates of $245.17 million. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. Synaptics’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS.

Synaptics Stock Down 1.4 %

NASDAQ SYNA opened at $69.27 on Tuesday. The firm has a market cap of $2.77 billion, a PE ratio of 22.35 and a beta of 1.47. Synaptics has a one year low of $67.83 and a one year high of $121.37. The stock’s 50 day simple moving average is $74.27 and its 200 day simple moving average is $82.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 2,731 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $80.00, for a total transaction of $218,480.00. Following the completion of the sale, the insider now owns 43,245 shares in the company, valued at $3,459,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 5,609 shares of company stock worth $448,720. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SYNA shares. Craig Hallum decreased their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC dropped their price objective on Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen dropped their price target on Synaptics from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Susquehanna decreased their price objective on Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

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.