Synaptics Inc. Technology | Application Software | USA Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as peripherals comprising keyboards, mice, and monitors, as well as remote control devices for desktops, PCs, and digital home applications. Its products include ClearPad, which enables the user to interact directly with the display on smartphones and tablets; display driver products that provide advanced image processing technology for entry-level smartphones through high-resolution tablets; and Natural ID, a fingerprint ID for use in smartphones, tablets, notebook PCs, PC peripherals, and other applications. The company's products also comprise TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad, a clickable mechanical design to the TouchPad application that eliminates the need for physical buttons; and ForcePad, a thinner version of its ClickPad. Further, its other product solutions include dual pointing solutions, which offer TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; and TouchButtons, which provide capacitive buttons and scrolling controls. The company sells its products through direct sales, outside sales representatives, and distributors. It serves smartphone, tablet, and PC original equipment manufacturers, as well as a various consumer electronics manufacturers. Synaptics Incorporated was founded in 1986 and is headquartered in San Jose, California.
This company is in talks with China to be acquired. So why make a new thread for a company that will not exist soon? Because that sale ain't gonna happen. Not at the price that they're saying. Initially was $110/share, now they say $100/share. China will not pay that much of a premium, maybe 10% at most. They will not get $100 after this horrible earnings report: Synaptics: FQ3 EPS of $1.21 misses by $0.30. Revenue of $402.5M (-15.7% Y/Y) misses by $47.89M. Synaptics' FQ3 miss is accompanied by FQ4 sales guidance of $300M-$340M, far below a $478.6M consensus.
The good news: the momentum cannot get any worse. The bad news: the momentum could stay negative. Daily chart: Weekly chart: Might be a head and shoulders top, but can this get beaten down some more? Monthly chart:
Shares of several companies in the tech sector are trading higher as stocks rebound following a steep selloff in the month of January, which was driven by concerns of Fed policy tightening going into 2022. Jan 31, 2022 11:19a ET
