Synaptics (NASDAQ:SYNA) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Synaptics (NASDAQ:SYNA) released its earnings results on Thursday. The software maker reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09, Briefing.com reports. The business had revenue of $247.40 million during the quarter, compared to analysts’ expectations of $245.17 million. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share. Synaptics updated its Q1 2025 guidance to EPS.

Synaptics Stock Up 0.5 %

Shares of SYNA opened at $72.71 on Friday. Synaptics has a 52-week low of $67.83 and a 52-week high of $121.37. The company has a quick ratio of 4.78, a current ratio of 5.32 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $87.86 and a two-hundred day simple moving average of $94.19. The company has a market capitalization of $2.87 billion, a PE ratio of -26.83 and a beta of 1.47.

Wall Street Analyst Weigh In

SYNA has been the subject of several research reports. TD Cowen cut their price objective on Synaptics from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Craig Hallum decreased their price objective on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a report on Friday. Needham & Company LLC lowered their target price on shares of Synaptics from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. Finally, KeyCorp reduced their target price on shares of Synaptics from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.78.

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.