Synaptics Under Duress After Peer Issues Negative Pre-Announcement; Shares Remain Undervalued
On March 21, shares of Fingerprint Cards AB fell over 30% after the company issued a negative pre-announcement for its first-quarter results, rescinded its full-year guidance for revenue and profitability, and canceled its plans to issue its first-ever dividend as a result of heightened short-term uncertainty. Shares of Synaptics, a major competitor of Fingerprint Cards AB, fell about 7% in sympathy amid concerns of weaker demand from OEM customers and excess channel inventory builds affecting b...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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