Synaptics Incorporated develops and supplies semiconductor products and solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions. It also provides Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications; TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design; and ForcePad. In addition, the company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on smartphones and tablets; and TouchView products, a touch controller and display driver integration product. Further, it provides TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; ultra-low power edge artificial intelligence platform for battery powered wireless devices; and wireless connectivity solutions comprising Wi-Fi, Bluetooth, global positioning system, and global navigation satellite system. The company sells its products through direct sales, outside sales representatives, distributors, and resellers to mobile and PC OEMs; IoT OEMs; and consumer electronics manufacturers. The company was incorporated in 1986 and is headquartered in San Jose, California.
IPO Year: 2002
Exchange: NASDAQ
Website: synaptics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $90.00 → $100.00 | Buy | TD Cowen |
| 10/8/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/9/2024 | $115.00 → $90.00 | Buy | TD Cowen |
| 5/10/2024 | $135.00 → $115.00 | Buy | TD Cowen |
| 2/9/2024 | $105.00 | Buy → Hold | Craig Hallum |
| 2/9/2024 | $115.00 → $135.00 | Outperform | TD Cowen |
| 12/8/2023 | $130.00 | Overweight | JP Morgan |
| 2/3/2023 | Outperform → Perform | Oppenheimer | |
| 5/6/2022 | Buy → Hold | Summit Insights | |
| 4/7/2022 | $185.00 | Equal Weight | Wells Fargo |
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TD Cowen reiterated coverage of Synaptics with a rating of Buy and set a new price target of $100.00 from $90.00 previously
KeyBanc Capital Markets downgraded Synaptics from Overweight to Sector Weight
TD Cowen reiterated coverage of Synaptics with a rating of Buy and set a new price target of $90.00 from $115.00 previously
TD Cowen reiterated coverage of Synaptics with a rating of Buy and set a new price target of $115.00 from $135.00 previously
Craig Hallum downgraded Synaptics from Buy to Hold and set a new price target of $105.00
TD Cowen reiterated coverage of Synaptics with a rating of Outperform and set a new price target of $135.00 from $115.00 previously
JP Morgan initiated coverage of Synaptics with a rating of Overweight and set a new price target of $130.00
Oppenheimer downgraded Synaptics from Outperform to Perform
Summit Insights downgraded Synaptics from Buy to Hold
Wells Fargo initiated coverage of Synaptics with a rating of Equal Weight and set a new price target of $185.00
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Q1'25 Financial Results and Recent Business Highlights Revenue of $257.7 millionGAAP gross margin of 46.9 percentNon-GAAP gross margin of 53.9 percentGAAP loss per share of $0.58Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of fiscal 2025 was $257.7 million. GAAP net loss for the first quarter of fiscal 2025 was $23.1 million, or a loss of $0.58 per basic share. Non-GAAP net income for the first quarter of fiscal 2025 was $32.5 million, or $0.81 per dilu
SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q1 FY2025 Earnings Call Registration. https://register.vevent.com/register/BI4bb6ef1934854068ba5157265a2136e5 Registrants will receive dial-in information and a unique passcode to access the c
Q4'24 Financial Results and Recent Business Highlights Revenue of $247.4 millionGAAP gross margin of 45.8 percentNon-GAAP gross margin of 53.4 percentGAAP diluted earnings per share of $5.22Non-GAAP diluted earnings per share of $0.64 SAN JOSE, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its fourth quarter and full year of fiscal 2024 ended June 29, 2024. Net revenue for the fourth quarter of fiscal 2024 was $247.4 million. GAAP net income for the fourth quarter of fiscal 2024 was $208.3 million, or an income of $5.22 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2024 was $25.6 million, or
SAN JOSE, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the fourth quarter of fiscal 2024 on Thursday, August 8, 2024 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q4 FY2024 Earnings Call Registration.https://register.vevent.com/register/BI2bc08f03d13942d0805b232e6eca6eef Registrants will receive dial-in information and a unique passcode to access the ca
Q3'24 Financial Results and Recent Business Highlights Revenue of $237.3 millionGAAP gross margin of 46.5 percentNon-GAAP gross margin of 52.9 percentGAAP loss per share of $0.46Non-GAAP diluted earnings per share of $0.53 SAN JOSE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its third quarter of fiscal 2024 ended March 30, 2024. Net revenue for the third quarter of fiscal 2024 was $237.3 million. GAAP net loss for the third quarter of fiscal 2024 was $18.1 million, or a loss of $0.46 per basic share. Non-GAAP net income for the third quarter of fiscal 2024 was $21.0 million, or $0.53 per diluted share. "Th
SAN JOSE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the third quarter of fiscal 2024 on Thursday, May 9, 2024 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q3 FY2024 Earnings Call Registration. https://register.vevent.com/register/BI72ab1ea3c0414c749d5da3169a082980 Registrants will receive dial-in information and a unique passcode to access the call
Q2'24 Financial Results and Recent Business Highlights Revenue of $237.0 millionGAAP gross margin of 46.0 percentNon-GAAP gross margin of 52.5 percentGAAP loss per share of $0.23Non-GAAP diluted earnings per share of $0.57 SAN JOSE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its second quarter of fiscal 2024 ended December 30, 2023. Net revenue for the second quarter of fiscal 2024 was $237.0 million. GAAP net loss for the second quarter of fiscal 2024 was $9.0 million, or a loss of $0.23 per basic share. Non-GAAP net income for the second quarter of fiscal 2024 was $22.5 million, or $0.57 per diluted share
SAN JOSE, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the second quarter of fiscal 2024 on Thursday, February 8, 2024 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q2 FY2024 Earnings Call Registration.https://register.vevent.com/register/BI2e571af2203e4099bba11bdb22c2a298 Registrants will receive dial-in information and a unique passcode to access the
Q1'24 Financial Results and Recent Business Highlights Revenue of $237.7 millionGAAP gross margin of 45.1 percentNon-GAAP gross margin of 53.0 percentGAAP loss per share of $1.43Non-GAAP diluted earnings per share of $0.52 SAN JOSE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its first quarter of fiscal 2024 ended September 30, 2023. Net revenue for the first quarter of fiscal 2024 was $237.7 million. GAAP net loss for the first quarter of fiscal 2024 was $55.6 million, or a loss of $1.43 per basic share. Non-GAAP net income for the first quarter of fiscal 2024 was $
SAN JOSE, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the first quarter of fiscal 2024 on Thursday, November 9, 2023 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q1 FY2024 Earnings Call Registration. https://register.vevent.com/register/BI9a69f99058c0498bb2ecef043e15caf8 Registrants will receive dial-in information and a unique passcode to access the call. We
SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced the pricing of its offering of $400.0 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to customary closing conditions. Synaptics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the n
SAN JOSE, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Synaptics also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50.0 million aggregate principal amount of
Q1'25 Financial Results and Recent Business Highlights Revenue of $257.7 millionGAAP gross margin of 46.9 percentNon-GAAP gross margin of 53.9 percentGAAP loss per share of $0.58Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of fiscal 2025 was $257.7 million. GAAP net loss for the first quarter of fiscal 2025 was $23.1 million, or a loss of $0.58 per basic share. Non-GAAP net income for the first quarter of fiscal 2025 was $32.5 million, or $0.81 per dilu
HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics' largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a significant piece of the rapidly growing $24B market across consumer, automotive, enterprise, and industrial applications. "Our investment in Taiwan reflects our confidence in the region as a v
SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that it will report financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q1 FY2025 Earnings Call Registration. https://register.vevent.com/register/BI4bb6ef1934854068ba5157265a2136e5 Registrants will receive dial-in information and a unique passcode to access the c
SAN JOSE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today launched the Veros™ Seamless Intelligent Connectivity brand with high-performance systems on chip (SoCs) for Wi-Fi® 6E, Bluetooth®, and 802.15.4. Signifying leadership and innovation, Veros encapsulates decades of field-hardened technology and IoT connectivity expertise. It encompasses Synaptics' entire wireless portfolio of proven solutions characterized by superior performance, interoperability, coexistence, power efficiency, and bill of materials integration. The new high-performance SoCs, the SYN4383 and SYN43756E, add to Veros by explicitly targeting devices that demand the highest Wi-Fi t
SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced that its Synaptics Astra™ AI-native IoT compute platform won in the Machine Learning and Deep Learning category of the 2024 EDGE Awards. The annual awards from Endeavor Media celebrate outstanding innovation in product design and function for the engineering industry. "We are honored to receive this outstanding peer recognition of our leadership in Edge AI," said Vikram Gupta, SVP & GM IoT Processors and Chief Product Officer at Synaptics. "It's testimony to the ground-breaking work of our team to enable customers to rapidly develop and deploy context-aware IoT Edge devices that w
AMSTERDAM, The Netherlands, Sept. 12, 2024 (GLOBE NEWSWIRE) -- b<>com and Synaptics® Incorporated (NASDAQ:SYNA) announced today that b<>com has implemented its market-proven *Sublima*™ algorithm on Synaptics' VS680 multimedia system on chip (SoC). This is the first AI-enabled frame-accurate, dynamic SDR-to-HDR video conversion for set-top boxes (STBs). The algorithm fully leverages the VS680's optimized neural processing unit (NPU), 7.9 TOPS performance, heterogeneous architecture, and security capabilities. The combination provides an efficient, AI-enriched approach to process video in real-time for enhanced video experiences on STBs, over-the-top (OTT) streaming devices, and smart TVs.
SAN JOSE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced its participation in an upcoming investor conference. Michael Hurlston, President & Chief Executive Officer, and Ken Rizvi, CFO, will participate in the Citi's 2024 Global TMT Conference and GEMS Conference on Thursday, September 5, 2024. About Synaptics Incorporated: Synaptics (NASDAQ:SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car, and on the go. Synaptics is the partner of choice for the world's most innovative intelligent system providers who are integrating multiple experiential
SAN JOSE, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced its participation in upcoming investor conferences. Ken Rizvi, CFO, will virtually participate in the 5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on Thursday, August 22, 2024.Ken Rizvi, CFO, will participate in Jefferies Semiconductor, IT Hardware & Communications Technology Conference on Wednesday, August 28, 2024. About Synaptics Incorporated: Synaptics (NASDAQ:SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car, and on the go. Synaptics is the partner of choice f
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SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced Ken Rizvi will join the company as Senior Vice President and Chief Financial Officer, effective July 15, 2024. Ken will report to Synaptics President and CEO Michael Hurlston and serve on the company's leadership team. He will be responsible for all the aspects of the company's global finance function including accounting, corporate development and investor relations. "I am pleased to have Ken join Synaptics at this stage in our journey as we continue to drive towards becoming a leading provider of IoT connectivity and processor solutions. Ken is a seasoned finance leader with vast and
SAN JOSE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced the appointment of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer and Secretary, strengthening its leadership team. Ms. Bodensteiner joined in November to guide Synaptics' legal strategy, ensure regulatory compliance, and oversee corporate governance. "Lisa's track record and incredibly diverse experience as a legal executive for high-growth companies makes her an invaluable sounding board for me and the rest of the executive team," said Michael Hurlston, President and CEO of Synaptics. "I intend to work with her as a true business partner as we accelerate our pu
SAN JOSE, Calif., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA) today announced the appointment of Vivie "YY" Lee to its Board of Directors, effective January 10, 2022. Ms. Lee has a distinguished career in executive leadership and Board of Director roles in the technology industry. She currently acts as an independent director and consultant to leading tech firms and is a member of the board of Commvault Systems, Inc. Previously, Ms. Lee served as Chief Strategy Officer at Anaplan, as well as Chief Executive Officer at FirstRain Inc. Earlier in her career, Ms. Lee held executive and product management leadership positions at Cadence Systems, Synopsys, and 8x8 (
VANCOUVER, BC, Dec. 9, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced that, effective December 9, 2021, the company has appointed Ms. Kathleen (Kathy) Bayless to the company's Board of Directors. Ms. Bayless will also serve on the Audit Committee of the Board of Directors. Mr. Jim Roche, Chair of Ballard's Board of Directors said, "We are pleased to announce Ms. Kathleen Bayless as a new member to our Board. Kathleen brings impressive and complementary financial management experience with high growth, global organizations. Her experience and
SAN JOSE, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA) today announced the appointment of Patricia Kummrow to its Board of Directors, effective July 27, 2021. Ms. Kummrow has had a distinguished career in senior management roles in the semiconductor industry. She is currently Vice President, Network and Edge Group, and General Manager, Ethernet Division, at Intel Corporation, and has served in senior engineering leadership roles at Intel, including Vice President, Platform Engineering Group. Earlier in her career, Ms. Kummrow served in engineering and engineering management roles at Hewlett-Packard. "Ms. Kummrow's senior management positions at Intel, he
Technology executive brings extensive industry and board experience to Airgain Airgain, Inc. (NASDAQ:AIRG), a leading provider of advanced wireless connectivity solutions and technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today announced the appointment of Kiva Allgood to the Airgain board of directors. Allgood most recently served as the Global Head of IoT and Automotive for Ericsson (NASDAQ:ERIC), a global provider of communications technology. Prior, she served as Chief Commercial Development Officer, GE Business Innovations and as Managing Director, GE Ventures for GE Venture
The companies are set to demonstrate unprecedented extension capability by supporting 4 independent 4K streams or an 8K video wall over a single copper cable.HSIN TIEN, Taiwan and HOD HASHARON, Israel, June 4, 2024 /PRNewswire/ -- Today, Valens Semiconductor (NYSE:VLN), a leader in high-performance connectivity, and Good Way Technology, one of the world's leading PC peripheral design and manufacturing companies, announced a new suite of Good Way products based on Valens Semiconductor's VS6320 chipset, compliant with the HDBaseT-USB3 standard. The products will enable innovations in multiple markets, such as video conferencing and video walls, including an extension solution of four 4K stream
JPMorgan hosted 13 semiconductor, semiconductor capital equipment, and chip design/EDA/IP companies at their 52nd annual Global Technology, Media, and Communications Conference in Boston this week. The key takeaway? The semiconductor industry is entering the early stages of an upcycle, driven by broad-based cyclical improvements and strengthening AI demand. Here’s what investors need to know. Early Stages of Semiconductor Upcycle The semiconductor industry is showing signs of entering a new upcycle. Presenting companies expressed optimism about their revenue prospects for the second half of the year. They include: Advanced Micro Devices Inc (NASDAQ:AMD) GlobalFoundries In
TD Cowen analyst Karl Ackerman maintains Synaptics (NASDAQ:SYNA) with a Buy and lowers the price target from $135 to $115.
Keybanc analyst John Vinh maintains Synaptics (NASDAQ:SYNA) with a Overweight and lowers the price target from $135 to $115.
Wells Fargo analyst Gary Mobley maintains Synaptics (NASDAQ:SYNA) with a Equal-Weight and lowers the price target from $115 to $95.
Needham analyst Quinn Bolton maintains Synaptics (NASDAQ:SYNA) with a Buy and lowers the price target from $125 to $110.
Synaptics (NASDAQ:SYNA) reported quarterly losses of $(0.46) per share which beat the analyst consensus estimate of $(1.02) by 54.9 percent. The company reported quarterly sales of $237.300 million which beat the analyst consensus estimate of $235.170 million by 0.91 percent. This is a 27.34 percent decrease over sales of $326.600 million the same period last year.
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts. Jobless benefits rose from 209,000 to 231,000 in the week ending May 4, surpassing market expectations of 210,000 and reaching the highest level in eight months. Consequently, the U.S. dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), declined by 0.2% in reaction to the data, as market participants slightly increased bets on a September Fed cut. The S&P 500 index inched up by 0.1%, following Wednesday’s flat close, while blue chips