Synaptics (NASDAQ:SYNA) released its quarterly earnings results on Thursday. The software maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.49, Briefing.com reports. Synaptics had a negative net margin of 1.56% and a positive return on equity of 12.74%. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $314.44 million. During the same period last year, the business earned $1.24 EPS. The company’s revenue was down 18.6% compared to the same quarter last year.
Shares of Synaptics stock traded up $5.36 during midday trading on Friday, hitting $59.01. The company had a trading volume of 3,811,900 shares, compared to its average volume of 652,419. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 23.60 and a beta of 1.00. 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 company has a fifty day simple moving average of $41.61 and a 200 day simple moving average of $34.40. Synaptics has a 12-month low of $26.34 and a 12-month high of $59.35.
In related news, Director Nelson C. Chan sold 6,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $33.25, for a total value of $199,500.00. Following the completion of the transaction, the director now directly owns 39,449 shares of the company’s stock, valued at approximately $1,311,679.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Tsai-Shyang Liu sold 1,600 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $40.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. Insiders sold a total of 11,326 shares of company stock valued at $415,474 over the last ninety days. 1.70% of the stock is currently owned by insiders.
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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