SYNA

Synaptics Inc

TMT


Presented:01/20/2016
Price:$78.55
Cap:$3.00B
Current Price:$74.50
Cap:$2.97B

Presented

Date01/20/2016
Price$78.55
Market Cap$3.00B
Ent Value$3.12B
P/E Ratio28.41x
Book Value$19.56
Div Yield0%
Shares O/S38.20M
Ave Daily Vol588,548
Short Int15.20%

Current

Price$74.50
Market Cap$2.97B
Synaptics, Inc. is engaged in developing and supplying of custom-designed human interface solutions that enable people to interact with mobile computing, communications, entertainment and other electronic devices. The company currently targets the personal computer market, primarily notebook computers, including ultra books; the markets for digital lifestyle products, including mobile smart phones and feature phones, the tablet market and other select electronic device markets with its customized human interface solutions. Synaptics was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.

Publicly traded companies mentioned herein: Synaptics, Incorporated (SYNA), Apple (AAPL), Samsung (5930 KS) and Fingerprint Cards (FING-B).

Highlights

Synaptics previously was principally known for manufacturing PC touchpads, a legacy business that constitutes just 15% of revenues today. The remaining 85% of revenues are roughly proportionally derived from each of the company’s three smartphone businesses: SYNA makes display drivers for Apple’s (AAPL) iPhones; fingerprint sensors for Samsung phones; and core touch controllers, or chips that control the touch screen on smartphones. The presenter believes that each of these smartphone-related businesses could be materially challenged over the coming year and beyond. Moreover, he believes that revenues from two of them have the potential to go away entirely.

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Idea Discussion

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