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Synaptics Incorporated (SYNA) 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 companys 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.
Shares have formed a bullish "flag" after Bloomberg reported that a state-backed investment group in China had made an offer for Synaptics, valuing the company at nearly $4 billion, or $110 per share. That price represented an incredible 70% premium compared to the prior day's close, but evidently it still wasn't enough to convince Synaptics to sell. The firm reports its quarterly results on October 22th. Higher share prices are expected for this stock.
52-Weeks Trading Range: $58.22 - $102.50
Entry Point: $83.55
Stop Loss: $79.30
Target Price: $91.91
SYNA closed at $92.89.
