Revenue Update on Synaptics Incorporated(NASDAQ:SYNA)

Synaptics Incorporated(NASDAQ:SYNA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $323.90M. Analysts estimated a revenue of $318.48M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.46.

Synaptics Incorporated (SYNA) made into the market gainers list on Thursdays trading session with the shares advancing 1.31% or 0.71 points. Due to strong positive momentum, the stock ended at $54.9, which is also near the day’s high of $55.12. The stock began the session at $54.12 and the volume stood at 5,13,913 shares. The 52-week high of the shares is $94.477 and the 52 week low is $47.09. The company has a current market capitalization of $2,023 M and it has 3,68,43,461 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Rick Bergman (President and CEO) sold 10,000 shares at $67.39 per share price.Also, 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.

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