Synaptics (NASDAQ:SYNA – Get Free Report) released its quarterly earnings results on Thursday. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04, Briefing.com reports. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The business had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $235.17 million. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. Synaptics updated its Q4 2024 guidance to EPS.
Synaptics Trading Up 0.7 %
Shares of SYNA stock traded up $0.66 during mid-day trading on Thursday, reaching $91.66. 668,239 shares of the stock traded hands, compared to its average volume of 288,071. The stock’s fifty day simple moving average is $94.43 and its two-hundred day simple moving average is $100.75. Synaptics has a 1-year low of $72.64 and a 1-year high of $121.37. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.60 billion, a price-to-earnings ratio of -46.06 and a beta of 1.59.
Insider Buying and Selling at Synaptics
In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the sale, the insider now owns 31,847 shares of the company’s stock, valued at approximately $3,367,820.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Wall Street Analyst Weigh In
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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.
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