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

|About: Synaptics Incorporated (SYNA)|By:, SA News Editor

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.