SYNA Stock Recent News

Synaptics has been crushed by the market, but it has all the parts in place to rebound. The company has reshuffled to focus on IoT and can benefit greatly from on-device AI.

Apple (NASDAQ: AAPL ) represents the pinnacle of success for tech stocks with its revolutionary products and multi-trillion-dollar market cap. While the odds of another nascent tech company reaching those lofty heights are slim, plenty possess the potential to generate substantial returns.

Synaptics Incorporated's profitability has rebounded, with gross margins increasing from 29.5% to 59.8% and net margins improving from -7.6% to 14.8%. The company has shifted its focus from mobile products to the IoT segment, with IoT product applications accounting for 69.9% of total revenue in 2023. The company's profitability has been supported by the growth of its IoT segment, but further margin improvement may be limited as the segment already constitutes 70% of revenue.

SAN JOSE, Calif., Aug. 04, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in upcoming investor conferences.

Synaptics (SYNA) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $3.87 per share a year ago.

Synaptics Incorporated has generated around 72% of its total revenues from the IoT market in 2023, with the IoT market expected to generate a 26.1% CAGR between 2023 and 2030. The company has a strong portfolio of offerings, including ConnectSmart, DisplayLink, and VideoSmart, and is expanding into more smart solutions like fingerprint ID and efficient interaction solutions with devices. Synaptics has a massive share buyback plan, with $977 million still available for use, there is a lot of potential value for investors to get here.

SAN JOSE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced that it will report financial results for the fourth quarter of fiscal 2023 on Thursday, August 3, 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.

SAN JOSE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in upcoming investor conferences.

Shares of Synaptics Inc. SYNA dropped more than 12% in the extended session Wednesday after the maker of human- interface hardware and software such as touchpads reported fiscal third-quarter adjusted earnings and revenue above Wall Street expectations, but called for a weaker current quarter due to “the currrent economic slowdown.” Synaptics earned $10.4 million, or 26 cents a share, compared with $65 million, or $1.59 a share, in the year-ago quarter.

The company has made a successful transition towards servicing the IoT market, benefiting from its core capabilities as well as a market secular tailwind. However, progress is being rudely interrupted by a substantial inventory correction, as economies are slowing down and scarcities turn into a glut.