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Tuesday, Jun 25
Synaptics (SYNA) +14.3% AH after raising its FQ4 (June quarter) revenue guidance range to...
Synaptics (SYNA) +14.3% AH after raising its FQ4 (June quarter) revenue guidance range to $227M-$230M from a prior $190M-$205M, which itself was well above a consensus of $158.2M; the current consensus is $198.2M. Gross margin is pegged at ~50%, about even with FQ3's 49.6% Unsurprisingly, Synaptics attributes the guidance, which translates into 40% Q/Q and 66% Y/Y growth at the mid-point, to strong mobile product (i.e. touch controller) demand stemming from many design wins. The guidance comes in spite of order cut reports for the Galaxy S4, for which Synaptics is a key supplier. ATML +1.3%. CY +0.9%. UNXL +1.2%.