It’s still a bull thesis, just subverted: Synaptics Incorporated (SYNA)

At the time of writing, Synaptics Incorporated [SYNA] stock is trading at $144.97, up down -2.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SYNA shares have gain 1.46% over the last week, with a monthly amount glided 25.34%, and seem to be holding up well over a long-time horizon.

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On 4, August 2022, Synaptics Reports Fourth Quarter Fiscal 2022 Results. In a post published today on Yahoo Finance, Q4’22 Financial Results and Recent Business Highlights.

From an analyst’s perspective:

Synaptics Incorporated [NASDAQ: SYNA] stock has seen the most recent analyst activity on May 06, 2022, when Summit Insights downgraded its rating to a Hold. Previously, Wells Fargo started tracking the stock with Equal Weight rating on April 07, 2022, and set its price target to $185. On December 08, 2021, Cowen reiterated its Outperform rating and revised its price target to $310 on the stock. Summit Insights upgraded its rating to a Buy. KeyBanc Capital Markets reiterated its recommendation of a Overweight and raised its price target to $230 on October 05, 2021. Craig Hallum reiterated a Buy rating for this stock on May 07, 2021, and upped its price target to $160. In a note dated May 07, 2021, Summit Insights downgraded an Hold rating on this stock.

For the past year, the stock price of Synaptics Incorporated fluctuated between $109.26 and $299.39. Currently, Wall Street analysts expect the stock to reach $200.50 within the next 12 months. Synaptics Incorporated [NASDAQ: SYNA] shares were valued at $144.97 at the most recent close of the market. An investor can expect a potential return of 38.3% based on the average price forecast.

Analyzing the SYNA fundamentals

According to Synaptics Incorporated [NASDAQ:SYNA], the company’s sales were 470.1 billion in the recent quarter, which represents an 44.30% jump. A company’s income per employee is $54,409 while it generates $915,653 in revenue per employee. Gross Margin for this corporation currently stands at +43.18% with Operating Margin at +9.08%, Pretax Margin comes in at +8.97%, and Net Margin reading is +5.94%. To continue investigating profitability, this company’s Return on Assets is posted at 4.06, Equity is 8.91, Total Capital is 7.35, and Invested Capital is 5.67. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 48.61 and enduring liabilities to the whole assets at 41.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 142.52 points at the first support level, and at 140.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.28, and for the 2nd resistance point, it is at 151.59.

Synaptics Incorporated [SYNA] reported earnings per share of $3.75 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.55/share, meaning a difference of $0.2 and a surprise factor of 5.60%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $3.26 per share as compared to estimates of $3.1 per share, a difference of $0.16 representing a surprise of 5.20%.

Ratios To Look Out For

It is important to note that Synaptics Incorporated [NASDAQ:SYNA] has a current ratio of 3.20. As well, the Quick Ratio is 1.40, while the Cash Ratio is 1.06. Considering the valuation of this stock, the price to sales ratio is 4.22, the price to book ratio is 5.39 and the P/E (TTM) ratio is 30.46.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 2 selling 1,322 shares in the past 3 months. Recent insider trading involved Butler Dean Warren, that happened on May 09 when 1126.0 shares were sold. Director, Allgood Kiva A. completed a deal on May 09 to sell 196.0 shares. Meanwhile, Butler Dean Warren sold 1448.0 shares on Feb 07.