Scalper1 News
Sterne Agee on Thursday raised its price target on touchscreen chipmaker Synaptics (SYNA), saying the company’s acquisition of Renesas SP Drivers, an Apple (AAPL) chip supplier, will boost fiscal 2016 earnings by $1.50 per share. Synaptics agreed to buy Japan-based Renesas SP Drivers last week for $475 million. Renesas SP Drivers makes display driver chips for mobile devices. Synaptics aims to integrate its touch technology along with Renesas’ Scalper1 News
Scalper1 News