Synaptics (SYNA) Scheduled to Post Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNA - Get Free Report) is set to post its quarterly earnings results 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.Parties interested in registering for the company's conference call can do so using this link.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company had revenue of $237.00 million during the quarter, compared to analysts' expectations of $235.26 million. During the same quarter last year, the firm earned $1.47 earnings per share. The firm's quarterly revenue 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 Stock Performance

Shares of SYNA traded up $2.01 during midday trading on Thursday, reaching $89.63. 163,394 shares of the stock were exchanged, compared to its average volume of 285,265. The business's 50-day moving average price is $95.50 and its 200 day moving average price is $100.87. 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 twelve month low of $67.73 and a twelve month high of $121.37. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -45.04 and a beta of 1.59.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total value of $382,392.00. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SYNA shares. KeyCorp boosted their price target on Synaptics from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Rosenblatt Securities upped their price objective on Synaptics from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Needham & Company LLC upped their price target on shares of Synaptics from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. TD Cowen upped their price objective on shares of Synaptics from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Finally, Mizuho decreased their price objective on shares of Synaptics from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $118.40.

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.