Synaptics (SYNA) Expected to Announce Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNA) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $265.14 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $87.87 on Thursday. Synaptics has a 52-week low of $67.83 and a 52-week high of $115.85. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 22.25 and a beta of 1.44. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $79.67 and its 200 day simple moving average is $77.79.

Analyst Upgrades and Downgrades

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

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the sale, the insider now directly owns 40,795 shares of the company’s stock, valued at $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.