Subpar Guidance Places Synaptics Shares Under Duress; Patient Investors Will Be Rewarded
On Thursday, Aug. 3, Synaptics reported in line fourth-quarter results, while providing forward guidance significantly lower than both the market and our expectations due to smartphone-related headwinds. We postulate the firm’s issues are three-fold: broader Chinese smartphone market weakness; the shift from LCD to OLED screens; and potential share loss at major customers (Apple and/or Samsung). These factors are likely to persist throughout fiscal 2018, partially offset by the recent consumer I...Synaptics is a developer and supplier of custom-designed human interface semiconductor product solutions that enable people to interact with a variety of mobile computing, communications, entertainment, and other electronic devices. The company targets the markets for smartphones, tablets, personal computer, products, Internet of Things, products and other select electronic devices, including devices in automobiles. The company's family of products includes: ClearPad?, ClearView?, TouchView?, Natural ID?, TouchPad?, SecurePad?, ClickPad?, ForcePad?, AudioSmart?, VideoSmart?, ImagingSmart?, and other product solutions.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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