Equities analysts predict that Synaptics Incorporated (NASDAQ:SYNA) will post $397.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Synaptics’ earnings. The lowest sales estimate is $382.71 million and the highest is $402.00 million. Synaptics reported sales of $386.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, November 7th.

On average, analysts expect that Synaptics will report full year sales of $397.55 million for the current financial year, with estimates ranging from $1.65 billion to $1.76 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.76 billion per share, with estimates ranging from $1.62 billion to $1.85 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Synaptics.

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

Several research firms recently weighed in on SYNA. BidaskClub cut Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and set a $45.00 price target (down from $48.00) on shares of Synaptics in a report on Monday, July 17th. BMO Capital Markets reissued a “hold” rating and set a $56.00 price target on shares of Synaptics in a report on Thursday, July 20th. CIBC reissued an “underperform” rating and set a $35.00 price target (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Synaptics in a report on Thursday, September 14th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.16.

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in shares of Synaptics by 16.0% during the 2nd 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Synaptics by 2.7% during the 2nd 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 in the last quarter. BlackRock Inc. raised its holdings in shares of Synaptics by 23,834.7% during the 1st 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 in the last quarter. State Street Corp raised its holdings in shares of Synaptics by 0.6% during the 2nd 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 in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Synaptics by 2.3% during the 2nd 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 in the last quarter. 97.74% of the stock is owned by institutional investors.

Synaptics (NASDAQ:SYNA) opened at 36.72 on Monday. Synaptics has a 52 week low of $36.36 and a 52 week high of $69.45. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.80 and a beta of 1.20. The company has a 50 day moving average price of $38.71 and a 200-day moving average price of $48.53.

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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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