Synaptics, Incorporated (NASDAQ:SYNA)’s jumped over 18% in afterhours trading on Thursday following the human interface solutions provider declared improved than anticipated results for the Q3 and also predict revenue for the Q4 above analysts’ anticpates.
The Synaptics’ revenue from PC products for the quarter dropped 10% from the year-before quarter to $58.6M, whereas revenue from mobile products increased 57% to $104.7M. The Mobile products revenue comprises all touchscreen and video display products.
Santa Clara, California-based Synaptics declared that Q3 net income was $36.45M or $1.07 a share, increased from $11.45M or $0.33 a share in the year-before quarter.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Universal Display Corporation (NASDAQ:PANL) up +1.30%, Logitech International SA (USA) (NASDAQ:LOGI) edged down -6.78%, Identive Group, Inc. (NASDAQ:INVE) which also decreased -6.93% and Intermec Inc. (NYSE:IN) closed down -0.10%.
Synaptics, Incorporated (NASDAQ:SYNA) stock’s trade at beginning with a price of $39.56 and throughout the trading session climbed at a high of $39.81 other than when day-trade ended the stock finally declined -2.58% to $38.54.
The stock is going forward its 52 week low with +70.68% and lagging behind from its 52 week high price with -7.11%. SYNA last month stock price volatility remained 3.77%.
SYNA stock institutional ownership remained 95.74% while insider ownership included 0.58%. In its share capital SYNA has 32.14 million outstanding shares among them 31.84 million shares have been floated in market exchange.
Company’s beta coefficient included 1.02. Beta factors measures the amount of market risk associated with market trade.
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