Synaptics (SYNA) to Release Earnings on Thursday

Synaptics (NASDAQ:SYNA) will likely be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect Synaptics to post earnings of $0.86 per share and revenue of $265.14 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Synaptics Stock Up 9.1 %

Synaptics stock opened at $87.87 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. Synaptics has a fifty-two week low of $67.83 and a fifty-two week high of $115.85. The firm has a fifty day moving average price of $79.67 and a two-hundred day moving average price of $77.79. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 22.25 and a beta of 1.44.

Insider Activity

In other news, insider Vikram Gupta sold 411 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SYNA. Rosenblatt Securities cut their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, November 8th. TD Cowen upped their price target on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a research note on Wednesday. Susquehanna boosted their target price on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, KeyCorp downgraded shares of Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and an average price target of $98.44.

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.