Why Synaptics Stock Tumbled 21% in August
Shares of Synaptics (NASDAQ: SYNA) slumped 21% in August, according to data provided by S&P Global Market Intelligence. The company's fiscal fourth-quarter report was the main driver of the decline. While Synaptics' results were roughly in line with analyst estimates, the company's guidance fell well short of expectations.
Synaptics reported fourth-quarter revenue of $426.5 million, up 32% year over year and in line with the average analyst estimate. Non-GAAP earnings per share came in at $1.18, up from $0.46 in the prior-year period and $0.02 higher than analysts expected.
A Synaptics laptop touchpad. Image source: Synaptics.
Source: Fool.com
Synaptics Inc. Stock
€80.60
-1.280%
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 107 € there is a positive potential of 32.75% for Synaptics Inc. compared to the current price of 80.6 €.
