Synaptics Incorporated (SYNA) Releases Earnings Results, Reports EPS of $0.46 EPS

Synaptics Incorporated (SYNA) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.46 EPS for the quarter. Analysts had a consensus estimate of $0.46. The company posted revenue of $323.90 million in the period, compared to analysts expectations of $318.62 million. The company’s revenue was down -32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on Synaptics Incorporated. Shares were Downgraded by Lake Street on Jul 6, 2016 to ” Hold” and Lowered the Price Target to $ 57 from a previous price target of $74 .Shares were Reiterated by Mizuho on Jun 16, 2016 to “Neutral” and Lowered the Price Target to $ 68 from a previous price target of $75 .

Synaptics Incorporated opened for trading at $53.13 and hit $54.238 on the upside on Thursday, eventually ending the session at $53.78, with a gain of 0.35% or 0.19 points. The heightened volatility saw the trading volume jump to 7,95,319 shares. Company has a market cap of $1,981 M.

In a different news, on Jun 2, 2016, Rick Bergman (President and CEO) sold 10,000 shares at $67.39 per share price. According to the SEC, on Feb 2, 2016, Scott Deutsch (SVP of Worldwide Sales) sold 2,709 shares at $74.02 per share price. On Nov 12, 2015, Richard L Sanquini (director) sold 1,124 shares at $91.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing communications entertainment and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones tablets and notebook PCs. The TouchPad family including ClickPad and ForcePad is integrated into the majority of today’s notebook PCs. Natural ID fingerprint sensor technology enables authentication mobile payments and touch-based navigation for smartphones tablets and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions as well as key technologies for next generation touch-enabled video and display applications.

Synaptics Incorporated

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