Synaptics (NASDAQ:SYNA) posted its quarterly earnings data on Thursday. The software maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.10, RTT News reports. Synaptics had a negative net margin of 7.61% and a positive return on equity of 11.07%. The company had revenue of $417.60 million for the quarter, compared to analyst estimates of $410.60 million. During the same period in the prior year, the firm posted $1.03 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis.
Shares of Synaptics stock traded up $1.98 during trading on Friday, reaching $36.91. 2,468,503 shares of the company traded hands, compared to its average volume of 709,111. The company has a quick ratio of 2.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.62. Synaptics has a 1-year low of $34.66 and a 1-year high of $55.25. The company has a market capitalization of $1.28 billion, a PE ratio of 18.64, a PEG ratio of 1.27 and a beta of 0.94.
Institutional investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors acquired a new position in Synaptics during the third quarter worth $103,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Synaptics during the second quarter worth $166,000. Truvestments Capital LLC acquired a new position in Synaptics during the third quarter worth $156,000. PNC Financial Services Group Inc. raised its holdings in Synaptics by 83.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock worth $157,000 after buying an additional 1,566 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Synaptics by 53.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock worth $197,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 98.32% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Synaptics (SYNA) Releases Earnings Results, Beats Expectations By $0.10 EPS” was reported by WKRB News and is the property of of WKRB News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.wkrb13.com/2018/11/10/synaptics-syna-releases-earnings-results-beats-expectations-by-0-10-eps.html.
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.
Recommended Story: Consumer behavior in bull markets
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.