Tag Archives: syna

Synaptics Soars On Strong Earnings, Samsung Traction

Synaptics (SYNA) saw its shares rise early Friday after Touchscreen chipmaker late Thursday posted fiscal Q4 earnings above analyst estimates, but its Q1 revenue outlook was light, reflecting a weaker-than-expected product ramp for the Samsung Galaxy S5. Smartphone leader Samsung is Synaptics’ biggest customer, Samsung reported a Q2 profit decline this week, its first in three years. “The weaker-than-expected September-quarter guidance was widely

Synaptics Price Target Raised On Renesas SP Deal

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’

Synaptics leaps on Renesas deal as sector M&A heats up

The $475 million purchase of Renesas SP Drivers by Synaptics is just the latest in a flurry of mergers and acquisitions in the chip industry as companies hone their focus on key markets. Touch-screen chipmaker Synaptics (SYNA) late Tuesday announced plans to buy the Japan-based maker of display driver chips for mobile devices. Synaptics hopes the Renesas deal will lead to an integrated touch-and-display driver product for smartphones and tablets. Wall Street was enthused by the deal. Synaptics (SYNA) stock was up 27% in afternoon trading on the stock market today, at an all-time high near 84.50. The Synaptics deal is one of several recently in the semiconductor field. On Monday, Analog Devices (ADI) announced its intent to buy Hittite Microwave (HITT) for about $2 billion. Analog Devices expects the deal to close at the end of its fiscal third quarter, the company said in a news release. Analog Devices…