SYNA Stock Recent News

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.

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.

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.

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

Synaptics Incorporated (NASDAQ:SYNA ) Q3 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Munjal Shah - VP, IR Michael Hurlston - President, CEO Matt Padfield - VP- Finance Conference Call Participants Christopher Rolland - Susquehanna Quinn Bolton - Needham & Company Kevin Cassidy - Rosenblatt Securities Krish Sankar - TD Cowen Peter Peng - JP Morgan Operator Good day, and thank you for standing by. Welcome to the Synaptics Inc. Third Quarter Fiscal Year 2024 Financial Results Conference Call.

Synaptics (SYNA) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.89 per share a year ago.

SAN JOSE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced that it will report financial results for the third quarter of fiscal 2024 on Thursday, May 9, 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 (SYNA) introduces its Astra platform, SL-Series processors and the Astra MachinaTM Foundation Series development kit.

Enthusiasm over the prospects for artificial intelligence (AI) continues to be a significant driver for a plethora of stocks, including some of the so-called Magnificent Seven.

The AI market is more prominent than ever and shows no signs of slowing down. The largest companies in the world are making significant investments in their AI departments keep pace.