Synaptics

Synaptics, Inc. engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.

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SYNA reports Q3 revenue decline, focuses on customer expansion

SYNA faces challenges due to market conditions and competitive pressures but has bright spots in automotive products and new customer product ramps. The company is focused on expanding its customer base and addressing pricing dynamics to maintain confidence in its revenue run rate.

Synaptics reports Q2 revenue of $353M, addresses inventory challenges

Synaptics navigated challenges in inventory accumulation and margin pressures while focusing on growth opportunities in wireless technologies and automotive displays. The company aims to manage inventories, maintain gross margins, and return IoT levels to normalcy. Despite facing headwinds in AR and VR markets, Synaptics remains optimistic about potential supplier support and future growth.

Synaptics reports resilient Q3 performance amidst sector challenges

Synaptics' Q3 performance showcased resilience with revenue above guidance and strong gross margins despite sector declines.
The company's focus on unit-driven demand has shielded it from ASP pressures, while challenges in inventory management persist.
Opportunities lie in Wi-Fi business expansion, additional customer growth, and strategic planning to address market dynamics.
Synaptics faces challenges in reducing inventories, passing on increased costs, and navigating competitive pressures in the IoT sector.

Synaptics sees revenue recovery in key sectors, eyes wireless growth

Synaptics navigated revenue challenges but is optimistic about recovery in key sectors like PC and Mobile.
The company strategically repurchased shares, enhanced its wireless product portfolio, and focused on cost management.
While facing pricing pressures and inventory challenges, Synaptics is capitalizing on opportunities in wireless and processor segments.
Maintaining profitability and a healthy cash balance, Synaptics aims for growth through new solutions and customer wins.

Synaptics reports revenue growth and optimistic outlook for 2024

Synaptics reported a positive revenue growth in Q1 2024, driven by Enterprise PC products and new Wireless offerings.
The company is optimistic about a recovery in 2024 and emphasizes the importance of module partners for market expansion.
Challenges include optimizing performance in Enterprise and Automotive segments while focusing on operational efficiency.
Opportunities lie in the Mobile market trends, leveraging module partners for business impact, and engaging with investors for growth.

Synaptics meets Q2 expectations, focuses on Core IoT growth

Synaptics' Q2 performance met expectations with revenue slightly above guidance. The company is focusing on Core IoT and mobile products for growth, while facing challenges in enterprise and automotive segments. Opportunities lie in new wireless design wins and AI integration in IoT devices.

Synaptics reports Q4 revenue growth, eyes IoT and enterprise for Q1

Synaptics demonstrated resilience and growth in core IoT and key product segments, with revenue exceeding expectations in Q4 2024.
While facing challenges in overall revenue decline, the company's focus on stability and growth areas positions it well for future opportunities.
Strategic guidance for Q1 2025 underscores a commitment to key product lines and signals a proactive approach to driving revenue growth.

Synaptics reports robust Q1 earnings, eyes IoT growth opportunities

Synaptics delivered a strong performance in Q1 2025, marked by revenue growth, margin improvement, and earnings expansion, supported by a robust Core IoT segment.
The company's focus on operational efficiency, product diversification, and shareholder value enhancement bodes well for its long-term growth prospects and financial stability.
While challenges like sustaining growth and market uncertainties exist, Synaptics is poised to capitalize on opportunities in IoT, wireless, and other key segments for sustained success.

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The SYN20708 supports Bluetooth Classic, BLE, Zigbee, and Thread concurrently to deliver simultaneous connectivity to multiple endpoints in heterogeneous network environments The SYN20708 supports Bluetooth Classic, BLE, Zigbee, and Thread concurrently to deliver simultaneous connectivity to multiple endpoints in heterogeneous network environments

Synaptics Extends Veros™ IoT Connectivity Leadership with Dual-Core Bluetooth® 5.4 and IEEE 802.15.4 System on Chip

We're putting Synaptics on the radar for longer-term investors based on our belief that the stock is trading below its intrinsic value and showing modest recovery in its end markets. SYNA's end markets, including IoT, Enterprise, auto, and mobile, show modest sequential recovery, with management guiding for 3% Q/Q sales growth next quarter. Synaptics is a value play, in our opinion, with a P/E of 26.7x and EV/Sales of 3.0x, trading below semi-peer averages.

Synaptics Incorporated: A Value Play For The Patient

SAN JOSE, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in upcoming investor conferences.

Synaptics to Participate at Upcoming Investor Conferences on Tuesday, December 3, 2024 and Wednesday, December 4, 2024

Synaptics (SYNA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Synaptics (SYNA) Upgraded to Strong Buy: What Does It Mean for the Stock?

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 notes are first issued, up to an additional $50.0 million aggregate principal amount of notes.

Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering

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 notes.

Synaptics Incorporated Announces Proposed Convertible Senior Notes Offering

Synaptics Incorporated (NASDAQ:SYNA ) Q1 2025 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Munjal Shah - Head, IR Michael Hurlston - President & CEO Ken Rizvi - CFO Conference Call Participants Christopher Rolland - Susquehanna Kevin Cassidy - Rosenblatt Securities Krish Sankar - TD Cowen Quinn Bolton - Needham & Company Peter Peng - J.P. Morgan Operator Good day and thank you for standing by.

Synaptics Incorporated (SYNA) Q1 2025 Earnings Call Transcript

Synaptics (SYNA) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.52 per share a year ago.

Synaptics (SYNA) Q1 Earnings and Revenues Top Estimates

Q1'25 Financial Results and Recent Business Highlights Revenue of $257.7 million GAAP gross margin of 46.9 percent Non-GAAP gross margin of 53.9 percent GAAP loss per share of $0.58 Non-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.

Synaptics Reports First Quarter Fiscal 2025 Results

Synaptics (SYNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Synaptics (SYNA) Earnings Expected to Grow: Should You Buy?

Adds critical operations and technical expertise to support customers and partners, making Taiwan Synaptics' largest employee base worldwide. Adds critical operations and technical expertise to support customers and partners, making Taiwan Synaptics' largest employee base worldwide.

Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market

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.

Synaptics to Report First Quarter Fiscal 2025 Results on November 7, 2024

Combines leadership and innovation in wireless performance and interoperability with scalable AI to deliver seamless and robust connectivity for context-aware IoT Edge devices Combines leadership and innovation in wireless performance and interoperability with scalable AI to deliver seamless and robust connectivity for context-aware IoT Edge devices

Synaptics Launches Veros™ Seamless Intelligent Connectivity with High-Performance Bluetooth, Wi-Fi, and Zigbee/Thread SoCs

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.

Synaptics Astra™ AI-Native IoT Compute Platform Wins 2024 EDGE Award

Algorithm fully leverages VS680's optimized NPU and market-leading TOPS for the AI efficiency, performance, and security required to enhance protected video in real time on edge devices. Algorithm fully leverages VS680's optimized NPU and market-leading TOPS for the AI efficiency, performance, and security required to enhance protected video in real time on edge devices.

bcom *Sublima* Implemented on Synaptics VS680 SoC for First AI-Enabled Frame-Accurate SDR-to-HDR Video Conversion for Set-Top Boxes

SAN JOSE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in an upcoming investor conference.

Synaptics to Participate at Upcoming Investor Conference on Thursday, September 5, 2024

Microsoft

The Nasdaq 100 closed lower by around 1% during Monday's session. Investors, meanwhile, focused on some notable insider trades.

Microsoft, Synaptics And 2 Other Stocks Executives Are Selling

SAN JOSE, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in upcoming investor conferences.

Synaptics to Participate at Upcoming Investor Conferences on Thursday, August 22, 2024 and Wednesday, August 28, 2024

Synaptics (SYNA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.49 per share a year ago.

Synaptics (SYNA) Surpasses Q4 Earnings and Revenue Estimates

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.

Synaptics to Report Fourth Quarter and Full Year Fiscal 2024 Results on August 8, 2024

Allegro MicroSystems

The lion's share of market attention is now mainly concentrated in the technology sector, particularly around stocks related to artificial intelligence and its quick rise to adoption and expansion in the global economy. One stock should come to mind when this environment is described, and that is NVIDIA Co. NASDAQ: NVDA, a company that briefly became the most valuable company at $3.3 trillion this quarter.

Better Than NVIDIA: Top 2 Semiconductor Stocks to Watch Today

Synaptics has seen a painful inventory correction cycle undermine its revenue and margins even more than I expected, hitting the share price as well. Business should be set to recover from here, with a return to double-digit growth within a few quarters and 20%+ growth in 2H'25. The company's focus on AI-enabled edge devices, including the new Astra platform, should drive the next era of growth, but I would like to see an expanded focus beyond the consumer.

Synaptics Should Snap Back Over The Next Year

Valens Semiconductor Ltd

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.

Good Way Technology Leverages Valens Semiconductor's Latest VS6320 Chipset to Introduce an Innovative Product Suite for Videoconferencing and Video Walls

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.

Synaptics Appoints Ken Rizvi as Chief Financial Officer

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in an upcoming investor conference.

News for Synaptics Stock (SYNA)