Synaptics (NASDAQ:SYNA) issued its earnings results on Thursday. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.49, Briefing.com reports. The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $314.44 million. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. Synaptics’s quarterly revenue was down 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS.
Shares of NASDAQ SYNA traded up $5.36 during trading on Friday, reaching $59.01. 3,811,900 shares of the company traded hands, compared to its average volume of 652,419. The firm has a 50 day simple moving average of $41.21 and a 200-day simple moving average of $34.30. The company has a quick ratio of 2.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.58 billion, a PE ratio of 23.60 and a beta of 1.00. Synaptics has a 52-week low of $26.34 and a 52-week high of $59.35.
In related news, insider Shawn Tsai-Shyang Liu sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $40.00, for a total value of $64,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John Mcfarland sold 2,926 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.00, for a total transaction of $119,966.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,326 shares of company stock worth $415,474. 1.70% of the stock is currently owned by insiders.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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