Analysts expect that Synaptics Incorporated (NASDAQ:SYNA) will announce sales of $398.24 million for the current quarter, Zacks reports. Six analysts have provided estimates for Synaptics’ earnings, with estimates ranging from $383.05 million to $403.90 million. Synaptics reported sales of $386.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The company is scheduled to report its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Synaptics will report full-year sales of $398.24 million for the current fiscal year, with estimates ranging from $1.70 billion to $1.76 billion. For the next year, analysts anticipate that the firm will post sales of $1.81 billion per share, with estimates ranging from $1.62 billion to $1.86 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Synaptics.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The company’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Synaptics from a “sell” rating to a “hold” rating and set a $44.00 price objective for the company in a report on Friday. BidaskClub downgraded Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. CIBC reiterated an “underperform” rating and issued a $35.00 price objective (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Oppenheimer Holdings, Inc. reduced their price objective on Synaptics from $45.00 to $35.00 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. Finally, Citigroup Inc. reiterated an “underperform” rating and issued a $35.00 price objective (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.97.

Synaptics (SYNA) opened at 40.33 on Monday. The stock has a 50 day moving average of $48.08 and a 200 day moving average of $52.31. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 29.44 and a beta of 1.13. Synaptics has a 12 month low of $38.50 and a 12 month high of $69.45.

In other Synaptics news, insider Rick Bergman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total value of $556,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the transaction, the director now directly owns 16,166 shares in the company, valued at $904,002.72. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Synaptics by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock worth $261,064,000 after buying an additional 697,328 shares during the last quarter. Vanguard Group Inc. boosted its position in Synaptics by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,228,015 shares of the software maker’s stock worth $218,630,000 after buying an additional 110,567 shares during the last quarter. BlackRock Inc. boosted its position in Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock worth $207,921,000 after buying an additional 4,182,029 shares during the last quarter. State Street Corp boosted its position in Synaptics by 0.6% in the second quarter. State Street Corp now owns 1,313,469 shares of the software maker’s stock worth $67,921,000 after buying an additional 8,390 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Synaptics by 2.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,244,747 shares of the software maker’s stock worth $64,366,000 after buying an additional 27,878 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

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About Synaptics

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

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Earnings History and Estimates for Synaptics (NASDAQ:SYNA)

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