Synaptics to Reveal Second Quarter Financial Results on February 2, 2023
January 13, 2023
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Synaptics Incorporated ($NASDAQ:SYNA) is a publicly traded company that specializes in providing human interface solutions for the mobile, PC, and other consumer electronics markets. Synaptics Incorporated recently announced that it will be releasing its financial results for the second quarter of Fiscal 2023 on February 2, 2023.
Additionally, the report will provide insight into the company’s financial performance, such as cash flow, operating expenses, and balance sheet items. The company’s second quarter financial results will be closely watched by investors and analysts due to its history of strong growth. Over the past few years, Synaptics has experienced consistent revenue growth with its products being used by some of the most popular consumer electronics companies in the world. Synaptics is expected to provide guidance on its future financial performance during the earnings call. Analysts will be looking for information such as revenue forecasts and cost reduction initiatives that could potentially boost the company’s profits in the future. Additionally, investors will be paying close attention to any strategic partnerships or acquisitions that Synaptics may announce. Overall, the second quarter financial results from Synaptics Incorporated will be closely watched by investors and analysts alike. The results will provide an insight into the company’s current financial performance and future prospects. As such, it should be an interesting report to follow as Synaptics looks to continue its strong record of growth.
Price History
The news sentiment surrounding the company has for the most part been positive, with their stock opening at $109.0 on Thursday and closing at $111.0, a 1.7% increase from its previous closing price of $109.2. Analysts have been impressed with the company’s progress and strong performance so far, so investors are optimistic that the second quarter results will be even better. The company is a global leader in intelligent interface solutions for human machine interaction, and has made a name for itself in the technology industry. Its products are used in a variety of industries, including mobile, automotive, PC, and industrial. Its products are designed to enable natural and intuitive user experiences while providing secure authentication and verification capabilities. Synaptics Incorporated’s second quarter financial results will provide insight into their current financial position, as well as how they are doing compared to the same period last year. Investors will be looking at their revenue growth and operating margin, among other metrics.
They will also be interested in the company’s outlook for the rest of the year, as well as any new products and services that they may be launching in the near future. The company’s second quarter results could provide a glimpse into their future success, as well as any potential obstacles or risks that may lie ahead. Investors will be keeping an eye on their performance to determine whether or not they should continue to invest in Synaptics Incorporated. With the news sentiment currently being positive, investors are expecting good news from Synaptics Incorporated when they release their second quarter financial results on February 2nd. 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 |
| 1.82k | 281.9 | 16.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Synaptics Incorporated. More…
| Operations | Investing | Financing |
| 482.9 | -475.7 | 521.4 |
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 |
| 2.82k | 1.5k | 33.14 |
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 |
| 9.2% | 289.2% | 22.6% |
| FCF Margin | ROE | ROA |
| 23.2% | 19.8% | 9.1% |
VI Analysis
SYNAPTICS INCORPORATED is a high risk investment, according to VI Risk Rating analysis. This assessment is based on the company’s fundamentals, which reflect its long term potential. The VI App detected 3 clear risk warnings in the income sheet, balance sheet, and cash flow statement. Income sheet analysis showed a decrease in net sales and net income over the previous year, along with a decreased gross profit margin. Furthermore, there was an increased accounts receivable turnover time. Balance sheet analysis revealed a decrease in cash and cash equivalents, in addition to a decrease in total assets. Cash flow statement analysis showed a decrease in net cash provided by operating activities. These financial indicators suggest a high risk investment for SYNAPTICS INCORPORATED. Investors should be aware of the potential risks and take additional measures to protect their investment. There may be other financial and business risks that need to be taken into account before investing. Registering with VI App is the best way to get detailed information, such as risk warnings, on the company and make an informed decision. More…
VI 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 is an American multinational technology company that designs, develops, manufactures, and markets a range of human interface solutions. The company’s second quarter financial results are scheduled to be released on February 2, 2023, and so far market sentiment has been mostly positive. Investors may want to consider the company’s upcoming results before making any decisions. Synaptics Incorporated has a strong track record of profitability, with revenue and earnings growth in the past few years.
Synaptics’ products are used in a wide variety of markets, including mobile, PC, automotive, and industrial. The company’s long-term outlook remains favorable as it continues to develop new products and expand into new markets. Investors should look out for updates on Synaptics’ second quarter financial results and potential future developments.
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