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Synaptics (SYNA +5.4%) has rallied following a Pac Crest upgrade to Outperform: the firm cites...

Synaptics (SYNA +5.4%) has rallied following a Pac Crest upgrade to Outperform: the firm cites smartphone market share gains and growing sales to Samsung in particular, and sees a potential Galaxy S IV design win driving upside. Pac Crest downgraded Synaptics on Oct. 1, when shares were 21% lower.  The company has been expanding its product line (I, II) in an effort to lower its dependence on a declining notebook touchpad market. At CES, Synaptics showed off Sensa, a solution that lets tablets ignore unintentional thumb touches.
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