Big Stocks Moving Higher On Friday: Synaptics Reports Q1 Beat; Joins Lyft, Hologic, Blink Charging

U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Friday.

Shares of Synaptics Incorporated SYNA rose sharply on Friday after the company reported better-than-expected quarterly financial results.

Synaptics posted adjusted earnings of 52 cents per share, beating market estimates of 40 cents per share. The company’s sales came in at $237.7 million versus expectations of $232.7 million.

Synaptics said it saw second-quarter revenue of $220 million to $250 million versus estimates of $239.82 million.

Several analysts, including, KeyBanc Capital Markets, Needham and Susquehanna raised their price targets on the stock following quarterly earnings.

Synaptics shares rose 13.55% to $100.49 at last check.

Here are some other big stocks recording gains in Friday's session.

Blink Charging Co. BLNK shares jumped 31.30% to $3.22 after the company reported strong third-quarter revenue and raised 2023 revenue target.

Ouster, Inc. OUST rose 14.46% to $4.71 following upbeat quarterly results.

VIZIO Holding Corp. VZIO gained 25.38% to $6.62 after the company reported third-quarter financial results.

AVITA Medical Inc RCEL jumped 11.74% to $11.04 after the company reported better-than-expected third-quarter sales.

Doximity, Inc. DOCS shares gained 11.68% to $22.90 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.

Consolidated Water Co. Ltd. CWCO rose 14.60% to $34.98 following upbeat results.

ARS Pharmaceuticals, Inc. SPRY jumped 14% to $3.92 in early trading, but was up 5.10% at $3.61 mid-day following third-quarter results.

indie Semiconductor, Inc. INDI rose 11.36% to $5.50 after the company reported better-than-expected third-quarter sales results.

Tarsus Pharmaceuticals, Inc. TARS gained 8.54% to $16.90 following strong sales.

Liberty Latin America Ltd. LILA climbed 11.74% to $7.14 after posting a profit for the third quarter.

Microvast Holdings, Inc. MVST climbed 16.06% to $1.45 following third-quarter results.

PAR Technology Corporation PAR shares rose 10.50% to $35.03 following upbeat results.

Alarm.com Holdings, Inc. ALRM gained 9.7% to $56.46 after the company reported mixed third-quarter financial results and issued guidance.

PureCycle Technologies Inc PCT rose 9.1% to $3.37, but was up 4.69% at $3.24 mid-day.

Light & Wonder, Inc. LNW gained 8.70% to $84.86 following third-quarter results.

AvePoint, Inc. AVPT rose 8.64% to $8.05 after the company posted third-quarter results and raised 2023 total revenue guidance.

Stantec Inc. STN gained 7.52% to $67.78 following strong results.

Lyft, Inc. LYFT gained 5.05% to $10.59 following third-quarter earnings.

Hologic, Inc. HOLX climbed 5.35% to $70.78 following upbeat results.

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