Synaptics (SYNA) Scheduled to Post Earnings on Thursday

Synaptics (NASDAQ:SYNA - Get Free Report) is set to announce 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 participating in the company's conference call can do so using this link.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. The firm had revenue of $247.40 million during the quarter, compared to analysts' expectations of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share.

Synaptics Stock Performance

Shares of Synaptics stock traded down $3.97 during trading on Thursday, hitting $68.67. 205,945 shares of the stock were exchanged, compared to its average volume of 306,574. Synaptics has a 1-year low of $67.83 and a 1-year high of $121.37. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -25.51 and a beta of 1.46. The company has a fifty day moving average price of $74.87 and a 200-day moving average price of $83.00. The company has a current ratio of 4.19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 1,008 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total transaction of $80,640.00. Following the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,609 shares of company stock worth $448,720 in the last quarter. Corporate insiders own 1.20% of the company's stock.

Synaptics Company Profile

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.