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SYNA $74.5

SYNA target price
74.50
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Synaptics
Type
Public
Traded as NASDAQ: SYNA
S&P 400 Component
Industry Computer hardware
Founded 1986; 31 years ago (1986)
California, U.S.
Founders Federico Faggin
Carver Mead
Headquarters San Jose, California, U.S.
Key people
Federico Faggin, Co-founder
Carver Mead, Co-founder
Rick Bergman, CEO
Wajid Ali, CFO
Products TouchPad
TouchStyk
TDDI
ClickPad
ClearPad
SentryPoint
PurePrint
Touchscreen Controllers
DDIC Display Drivers
Natural ID
Fingerprint Sensors
ForcePad
SecurePad
Revenue Increase $1.72 billion USD (2017)
Operating income
Decrease $64.7 million USD (2017)
Net income
Decrease $48.8 million USD (2017)
Number of employees
1,763 (2016)
Subsidiaries Conexant
Website www.synaptics.com

Synaptics is a public San Jose, California-based developer of touch-pads for computer laptops, touch-screens, mp3 players, cellular phones and other devices. It describes itself as a human interface solution developer. Synaptics sells its products to original equipment manufacturers (OEMs).

Synaptics was founded in 1986 by scientists and engineers Federico Faggin and Carver Mead, inspired by their interest in neural networks and their applications in technologies. Faggin and Mead applied their research and discoveries on neural networks and transistors on chips to build touch sensing solutions. The name of the company is a portmanteau, blending synapse and electronics.

During Synaptics' early years, the laptop industry was struggling to make devices thinner because the spherical trackballs included in them required thicker device builds. Synaptics' founders recognized this issue and in 1992, used the pattern recognition techniques it developed to build the world's first touchpad, which Apple adopted in 1995. The touchpad was subsequently adopted by other leading computer manufacturers of the time, including Compaq and Dell, launching Synaptics' growth as a company and establishing touchpads as a standard feature in notebook PCs. As integration of the touchpad grew, Synaptics continued to refine its technology, building a vision to integrate it with other solutions and create a range of human interface technologies to expand the company.

Since then, Synaptics' solutions have been adopted in various markets beyond notebook computers. In 2005, Synaptics' sensor technology was featured in the world's first mobile phone to use capacitive-touch technology, the Samsung B310. In 2007, LG launched its Prada phone featuring Synaptics' touch sensors, marking the world's first capacitive-touchscreen mobile phone. Synaptics' touchscreen technology was also featured in Logitech's Harmony family, which debuted in 2008 and brought capacitive-touch capabilities to universal remote controls.

In 2011, current CEO Rick Bergman was appointed to succeed Francis Lee (CEO from 1999-2011) and drive Synaptics' expansion in to new markets.

In 2012, Synaptics introduced the world's first full-function capacitive-touch solution to incorporate pressure recognition (AKA force sensing), enabling multi-finger and variable-force input. The following year, Synaptics acquired Validity Sensors, a fingerprint sensor vendor based in San Jose, adding biometrics and fingerprint sensing to Synaptics' portfolio of solutions.

Synaptics acquired Renesas SP Drivers Inc., a Japanese company specializing in chips that manage LCD displays, in 2014. Synaptics purchased Renesas SP for approximately JPY48.5B ($475 million) for 100% of the company. The acquisition enabled Synaptics to establish an integrated portfolio of touch and display driver technologies.

The company has since expanded in to additional markets including automotive, wearables and PC peripherals in 2015. Synaptics in 2015 had 1600+ granted and pending patents for human interface solutions. In FY15, Synaptics reported $1.703 billion in revenue and cited a +46% compound annual growth rate.

In June 2017 Synaptics announced it was acquiring Conexant Systems for $341 million and Marvell Technology Group's Multimedia Solutions unit for $95 million.

Synaptics products are based on capacitive sensing technology, as opposed to resistive touchscreen technologies. Capacitive touch sensing works by sensing the electrical properties of the finger(s) touching the sensor; a resistive touchscreen senses direct pressure between two clear electrical layers that are separated by a small space, requiring an amount of force. Capacitive touch sensing solutions are solid state, making them more robust than resistive solutions.
Synaptics's human interface solutions are currently based upon the following key technologies:

Synaptics' core product families deliver touch sensing, display and biometrics solutions. They include touchpads, touch controllers, fingerprint sensors and integrated solutions.

TouchPad Family - touch-sensitive trackpads that sense the position and movement of one or more fingers on their surfaces. the TouchPad's core market is notebook PCs and includes:

ClearPad Touch Controllers - Capacitive-touch controllers with minimal size and low power requirements, tailored for specific applications:

Natural ID Fingerprint Sensors (Biometrics) - Series of fingerprint authentication sensors, combining biometrics and advanced encryption with security, ease of use and cost efficiency. They feature Synaptics' SentryPoint, which is a suite of security features aggregated to protect users' personal biometric information. Natural ID sensors also function under glass, making it possible to eliminate the home button on smartphones.

ClearView Display Drivers - Display driver integrated circuits (DDIC) with the industry's smallest display ICs and ultra-HD resolution support for more dynamic, design friendly and power-efficient display options, as well as reduced image-load times.

TouchView Integrated Touch and Display Controllers - Solutions integrating touch and display technology in to single and two-chip solutions enabling devices to be thinner and lighter at lower costs. Synaptics touch and display driver integration (TDDI) supports ClearForce for variable force sensing, and ClearView DDIC features for enhancing display brightness, color, contrast and readability in sunlight, and power efficiency. For advanced touch features, TouchView products support virtually all ClearPad touch controller features.

Synaptics is a founding member of the FIDO (Fast ID Online) Alliance and the Universal Stylus Initiative (USI).

The FIDO Alliance is an industry consortium that aims to make authentication stronger and simpler, and to reduce reliance on passwords. Synaptics' Corporate Development Vice President, Adnan Raza, sits on the FIDO Alliance board, representing Synaptics. Other notable Board Members include Google, Microsoft, PayPal, Lenovo, Qualcomm, RSA, Samsung, Bank of America, Visa, Discover, American Express and MasterCard.

USI is an organization of leading OEMs, stylus and touch controller manufacturers driving industry standards to promote interoperable active styluses with touch-enabled devices such as phones, tablets and computing and entertainment platforms. Synaptics' Senior Director of Integrated Display and Touch Products, Jeff Lukanc, is Vice President of USI.

Synaptics' manufacturing operations are based on a variable cost model in which it outsource all of its production requirements and generally drop ship its products directly to its customers from its contract manufacturers’ facilities. This eliminates the need for significant capital expenditures and allows the company to minimize its investment in inventories.

The company provides its contract manufacturers with six-month rolling forecasts and issue purchase orders based on anticipated requirements for the next 90 days. It uses two third-party wafer manufacturers to supply wafers and four third-party packaging manufacturers to package its proprietary ASICs.

In certain cases, it relies on a single source or a limited number of suppliers to provide other key components of its products.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2023-05-04 Future report Set alerts
Q1 2023 2022-11-03 3.52 3.52
Q4 2022 2022-08-04 3.87 3.87
Q3 2022 2022-05-05 3.75 3.75
Q2 2022 2022-02-03 3.26 3.26
Q1 2022 2021-11-04 0.00 0.00
Q4 2021 2021-08-05 2.18 2.18
Q3 2021 2021-05-06 0.00 0.00
Q2 2021 2021-02-04 2.30 2.30
Q1 2021 2020-11-05 0.00 0.00

Ratings

2016-07-10 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-07-06 Downgrade Lake Street Capital Buy to Hold $74.00 to $57.00
2016-07-06 Reiterated Rating KeyCorp Hold
2016-06-18 Reiterated Rating Mizuho Hold
2016-06-17 Reiterated Rating Cowen and Company Buy
2016-06-17 Reiterated Rating Needham & Company LLC Buy $88.00
2016-06-16 Lower Price Target Mizuho Neutral $75.00 to $68.00
2016-06-16 Reiterated Rating JPMorgan Chase & Co. Buy
2016-06-15 Reiterated Rating Oppenheimer Hold
2016-06-15 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-06-09 Reiterated Rating Rosenblatt Securities Buy $106.00
2016-04-29 Reiterated Rating Oppenheimer Hold
2016-04-29 Reiterated Rating Needham & Company LLC Buy
2016-04-29 Reiterated Rating Craig Hallum Buy $90.00 to $85.00
2016-04-29 Downgrade Northland Securities Outperform to Market Perform
2016-04-29 Downgrade BMO Capital Markets Outperform to Market Perform $100.00 to $69.00
2016-04-29 Downgrade Mizuho Buy to Neutral $95.00 to $75.00
2016-04-15 Downgrade Cross Research Buy to Hold
2016-04-14 Reiterated Rating Pacific Crest Hold $75.00
2016-03-08 Initiated Coverage Rosenblatt Securities Buy $118.00
2016-02-04 Reiterated Rating Needham & Company LLC Buy $88.00
2016-01-29 Lower Price Target Stifel Nicolaus Buy $95.00 to $80.00
2016-01-29 Lower Price Target Northland Securities $95.00 to $75.00
2016-01-29 Lower Price Target BMO Capital Markets Outperform $95.00 to $90.00
2016-01-29 Downgrade Needham & Company LLC Strong-Buy to Buy $110.00 to $88.00
2016-01-27 Lower Price Target JPMorgan Chase & Co. Overweight $91.00 to $90.00
2016-01-20 Downgrade Oppenheimer Outperform to Market Perform
2016-01-12 Lower Price Target Lake Street Capital Buy $91.00 to $81.00
2016-01-10 Reiterated Rating Needham & Company LLC Buy $110.00
2016-01-07 Lower Price Target Craig Hallum Buy $105.00 to $90.00
2015-12-30 Reiterated Rating Dougherty & Co Neutral
2015-11-19 Reiterated Rating Needham & Company LLC Strong-Buy $110.00
2015-11-18 Reiterated Rating Cowen and Company Buy $115.00
2015-10-23 Boost Price Target Craig Hallum $90.00 to $105.00
2015-10-23 Downgrade Dougherty & Co Buy to Neutral
2015-10-23 Reiterated Rating Stifel Nicolaus Buy $90.00 to $95.00
2015-10-23 Lower Price Target Northland Securities Outperform $100.00 to $95.00
2015-10-23 Lower Price Target Mizuho Buy $105.00 to $100.00
2015-10-20 Reiterated Rating Cowen and Company Buy
2015-10-15 Reiterated Rating JPMorgan Chase & Co. Buy $86.00 to $91.00
2015-10-02 Boost Price Target JPMorgan Chase & Co. Overweight $80.00 to $86.00
2015-10-01 Reiterated Rating Mizuho Buy $105.00
2015-09-29 Reiterated Rating Pacific Crest Equal Weight
2015-08-24 Lower Price Target JPMorgan Chase & Co. Overweight $86.00 to $80.00
2015-08-02 Reiterated Rating Northland Securities Buy
2015-07-31 Lower Price Target Dougherty & Co Buy $90.00 to $78.00
2015-07-31 Reiterated Rating Stifel Nicolaus Buy $102.00 to $90.00
2015-07-31 Lower Price Target Northland Securities Outperform $110.00 to $100.00
2015-07-31 Lower Price Target Mizuho Buy $115.00 to $105.00
2015-07-26 Reiterated Rating JPMorgan Chase & Co. Buy
2015-06-29 Upgrade Oppenheimer Market Perform to Outperform $105.00
2015-06-23 Reiterated Rating Cowen and Company Outperform $115.00
2015-06-23 Reiterated Rating JPMorgan Chase & Co. Overweight
2015-06-22 Reiterated Rating Northland Securities Outperform
2015-06-09 Reiterated Rating Oppenheimer Market Perform
2015-06-04 Boost Price Target JPMorgan Chase & Co. Overweight $105.00 to $112.00
2015-05-27 Reiterated Rating Needham & Company LLC Strong-Buy $110.00
2015-05-26 Boost Price Target Cowen and Company Outperform $105.00 to $115.00
2015-05-21 Initiated Coverage Mizuho Buy $115.00
2015-04-26 Reiterated Rating Needham & Company LLC Buy $110.00
2015-04-24 Boost Price Target BMO Capital Markets Outperform $90.00 to $100.00
2015-04-24 Reiterated Rating Dougherty & Co Buy $87.00 to $90.00
2015-04-24 Boost Price Target Stifel Nicolaus Buy $93.00 to $102.00
2015-03-09 Initiated Coverage Northland Securities Outperform $110.00
2015-01-30 Boost Price Target Dougherty & Co Buy $80.00 to $87.00
2015-01-30 Boost Price Target Imperial Capital Outperform $70.00 to $80.00
2015-01-30 Boost Price Target Cowen and Company Outperform $90.00 to $95.00
2015-01-30 Boost Price Target Stifel Nicolaus Buy $87.00 to $93.00
2015-01-22 Initiated Coverage BMO Capital Markets Outperform
2015-01-20 Set Price Target Needham & Company LLC Buy $110.00
2015-01-14 Lower Price Target JPMorgan Chase & Co. Overweight $86.00 to $80.00
2015-01-02 Downgrade Stifel Nicolaus Buy $87.00
2015-01-02 Downgrade Pacific Crest Outperform to Sector Perform $100.00
2014-12-05 Downgrade Feltl & Co. Strong-Buy to Buy $80.00
2014-12-05 Boost Price Target Stifel Nicolaus Buy $86.00 to $87.00
2014-11-17 Lower Price Target Imperial Capital Outperform $80.00 to $70.00
2014-10-24 Lower Price Target Imperial Capital Outperform $95.00 to $80.00
2014-10-13 Reiterated Rating Pacific Crest Outperform $110.00 to $100.00
2014-08-01 Boost Price Target Craig Hallum $96.00
2014-08-01 Downgrade Needham & Company LLC Strong-Buy to Buy
2014-07-29 Reiterated Rating JPMorgan Chase & Co. Overweight $98.00 to $100.00
2014-07-11 Downgrade Tigress Financial Strong-Buy to Buy
2014-07-11 Downgrade Evercore ISI Sell to Strong Sell
2014-06-19 Boost Price Target Sterne Agee CRT Buy $83.00 to $105.00
2014-06-13 Boost Price Target JPMorgan Chase & Co. $86.00 to $98.00
2014-06-12 Boost Price Target Imperial Capital Outperform $70.00 to $95.00
2014-06-11 Reiterated Rating JPMorgan Chase & Co. Overweight $80.00 to $86.00
2014-06-11 Boost Price Target Dougherty & Co $96.00
2014-06-11 Boost Price Target Evercore ISI Positive $90.00
2014-06-11 Boost Price Target Stifel Nicolaus Buy $83.00 to $86.00
2014-06-05 Upgrade Feltl & Co. Buy to Strong-Buy
2014-05-28 Upgrade Needham & Company LLC Buy to Strong-Buy $100.00
2014-05-15 Reiterated Rating Sterne Agee CRT Buy $77.00
2014-05-14 Initiated Coverage Lake Street Capital Buy $71.00
2014-05-07 Reiterated Rating Sterne Agee CRT Buy $77.00
2014-05-06 Initiated Coverage Imperial Capital Outperform $70.00
2014-04-29 Reiterated Rating Sterne Agee CRT Buy $77.00
2014-04-25 Boost Price Target JPMorgan Chase & Co. $67.00 to $80.00
2014-04-25 Upgrade Needham & Company LLC Buy to Strong-Buy $70.00 to $100.00
2014-04-25 Boost Price Target Craig Hallum $80.00
2014-04-25 Boost Price Target Stifel Nicolaus Buy $70.00 to $83.00
2014-04-21 Initiated Coverage Sterne Agee CRT Buy $77.00
2014-04-11 Boost Price Target Stifel Nicolaus Buy $67.00 to $70.00
2014-01-28 Downgrade Oppenheimer Outperform to Market Perform
2014-01-24 Upgrade Feltl & Co. Hold to Buy
2014-01-24 Boost Price Target Dougherty & Co $80.00
2014-01-24 Boost Price Target Stifel Nicolaus Buy $65.00 to $70.00
2014-01-24 Boost Price Target Pacific Crest $58.00 to $70.00
2014-01-24 Boost Price Target JPMorgan Chase & Co. $55.50 to $60.00
2014-01-24 Boost Price Target Cowen and Company $64.00 to $70.00
2014-01-14 Boost Price Target Stifel Nicolaus Buy $57.00 to $67.00
2014-01-09 Boost Price Target Feltl & Co. Hold $48.00 to $52.00
2013-12-09 Initiated Coverage Cross Research Buy
2013-12-05 Boost Price Target Feltl & Co. Hold $42.00 to $48.00
2013-11-12 Reiterated Rating Needham & Company LLC Buy $65.00
2013-11-11 Reiterated Rating Pacific Crest Outperform $58.00
2013-11-07 Upgrade JPMorgan Chase & Co. Neutral to Overweight $50.00 to $52.00
2013-10-28 Boost Price Target Cowen and Company Outperform $55.00 to $64.00
2013-10-25 Boost Price Target Needham & Company LLC Buy $54.00 to $65.00
2013-10-11 Boost Price Target Maxim Group Buy $50.00 to $57.00
2013-10-11 Downgrade JPMorgan Chase & Co. Overweight to Neutral $49.00
2013-09-20 Upgrade Oppenheimer Market Perform to Outperform $55.00
2013-04-24 Initiated Maxim Group Buy $45
2016-07-10 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-07-06 Downgrade Lake Street Capital Buy to Hold $74.00 to $57.00
2016-07-06 Reiterated Rating KeyCorp Hold
2016-06-18 Reiterated Rating Mizuho Hold
2016-06-17 Reiterated Rating Cowen and Company Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LEE FRANCIS F 0.51%  (181965) SYNA /
Bergman Rick President and CEO 0.36%  (128523) MXWL / SYNA /
Wong Hing Chung SVP of Worldwide Operations 0.13%  (47141) SYNA /
Verhoeven Huibert J. See Remarks 0.08%  (29278) SYNA /
WHIMS JAMES L 0.08%  (27419) SYNA /
Ali Wajid Senior VP and CFO 0.07%  (25508) SYNA / TDY /
Barber Kevin D SVP & GM, Handheld Products 0.07%  (23853) IVAC / SYNA /
CHAN NELSON C 0.06%  (22231) AFFX / DECK / OUTR / SCKT / SYNA /
Liu Shawn Tsai-Shyang See Remarks 0.05%  (18503) SYNA /
McFarland John SVP and General Counsel 0.05%  (18391) SYNA /
GEESLIN KEITH 0.05%  (17731) CVLT / SYNA /
BAYLESS KATHLEEN A SVP, CFO, Sec. & Treasurer 0.05%  (17425) SYNA / VECO /
Sewell Bretton SVP, Corporate Development 0.04%  (14955) SYNA /
Wadlington Mark SVP, Worldwide Sales 0.04%  (13928) AMCC / SYNA / XLNX /
SANQUINI RICHARD L 0.04%  (13101) PXLW / SYNA /
BUCHANAN JEFFREY D 0.03%  (10669) AOBC / SYNA /
Favre Ritu See Remarks 0.03%  (9101) FSL / SYNA /
Deutsch Scott SVP of Sales 0.02%  (7098) SYNA /
KNITTEL RUSSELL J 0.01%  (5378) HZO / QRHC / SYNA /