SYNAPTICS INCORPORATED Reports Fourth-Quarter Earnings for FY2023
August 13, 2023
🌥️Earnings Overview
SYNAPTICS INCORPORATED ($NASDAQ:SYNA) reported a decrease of 52.3% in total revenue for the fourth quarter of FY2023, reaching USD 227.3 million, compared to the same period the year prior. Furthermore, net income for the quarter declined from 82.9 million to negative USD 23.4 million. These figures were released on June 30, 2023.
Stock Price
On Thursday, SYNAPTICS INCORPORATED reported their fourth-quarter earnings for fiscal year 2023, with their stock opening at $87.0 and closing at $89.8 – a 1.8% increase from the previous closing price of 88.2. This is the fifth consecutive quarter of strong performance for the company, highlighting a steady and impressive growth trajectory and stock appreciation trend. This impressive growth is attributed to continued strong demand for SYNAPTICS’ products and services across different markets. With these uplifting figures, SYNAPTICS INCORPORATED is expected to keep on its momentum of robust earnings growth in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Synaptics Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 1.36k | 73.6 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Synaptics Incorporated. More…
| Operations | Investing | Financing |
| 331.5 | -6 | -221.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Synaptics Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.61k | 1.37k | 31.46 |
Key Ratios Snapshot
Some of the financial key ratios for Synaptics Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.5% | 14.8% | 11.4% |
| FCF Margin | ROE | ROA |
| 21.9% | 7.5% | 3.7% |
Analysis
At GoodWhale, we conducted an analysis of SYNAPTICS INCORPORATED‘s wellbeing. Based on our Risk Rating, SYNAPTICS INCORPORATED is a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings in the income sheet, balance sheet and cashflow statement which could indicate potential problems with the company. To find out more about these risks, register with us and take a look at our comprehensive breakdown of SYNAPTICS INCORPORATED’s risk profile. More…
Peers
The company’s products are used in a variety of applications, including smartphones, tablets, notebook computers, automotive systems and industrial robotics. Synaptics’ competitors in the human interface solutions market include AP Memory Technology Corp, Giga Device Semiconductor (Beijing) Inc, Quantum eMotion Inc.
– AP Memory Technology Corp ($TWSE:6531)
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. The company has manufacturing facilities in Asia, the United States, and Europe.
– Giga Device Semiconductor (Beijing) Inc ($SHSE:603986)
Giga Device Semiconductor (Beijing) Inc is a Chinese semiconductor company with a market cap of 57.27B as of 2022. The company has a Return on Equity of 14.43%. Giga Device Semiconductor (Beijing) Inc is a leading fabless semiconductor company that designs, develops, and markets high-performance integrated circuits (ICs). The company’s products are used in a wide range of applications, including mobile devices, computers, consumer electronics, and automotive electronics.
– Quantum eMotion Inc ($TSXV:QNC)
Quantum eMotion Inc is a publicly traded company with a market cap of 14.89M as of 2022. The company has a Return on Equity of -22.72%. Quantum eMotion Inc is a provider of digital motion capture solutions. The company’s products are used in the film, television, video game, and virtual reality industries.
Summary
SYNAPTICS INCORPORATED‘s Q4 FY2023 earnings report showed a drastic decrease in total revenue of 52.3%, reaching USD 227.3 million. Net income also dropped significantly, going from 82.9 million to a negative USD 23.4 million. Investors should carefully consider the current and future financial situation of the company before making any decisions regarding investing in SYNAPTICS INCORPORATED. However, this could also present an opportunity for investors to purchase shares at a lower price.
Related Posts
Recent Posts
