Synaptics Reports Third Quarter Fiscal 2021 Results

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Go back to Synaptics Reports Third Quarter Fiscal 2021 Results

Synaptics (SYNA) PT Raised to $155 at Oppenheimer

May 7, 2021 5:53 AM EDT

Oppenheimer analyst Andrew Uerkwitz raised the price target on Synaptics (NASDAQ: SYNA) to $155.00 (from $140.00) while maintaining a Outperform rating.

The analyst comments "SYNA's pace of transformation continue to surprise. In the just reported F3Q21, non-GAAP gross margin leapfrogged another 300bps sequentially,... More

Synaptics (SYNA) Tops Q3 EPS by 14c; Offers 4Q Revenues Outlook

May 6, 2021 4:07 PM EDT

Synaptics (NASDAQ: SYNA) reported Q3 EPS of $2.03, $0.14 better than the analyst estimate of $1.89. Revenue for the quarter came in at $325.8 million versus the consensus estimate of $325.97 million.

Q321 Financial Results and Recent Business Highlights

Revenue of $325.8 millionGAAP gross margin of 47.7 percentRecord non-GAAP gross margin of 55.1 percentGAAP diluted earnings per share of $0.35Non-GAAP diluted earnings per share of $2.03Record Cash Flow... More