Maxim starts coverage on Synaptics (SYNA +2.4%) with a Buy an $45 PT a day before its FQ3 report...

|About: Synaptics Incorporated (SYNA)|By:, SA News Editor
Maxim starts coverage on Synaptics (SYNA +2.4%) with a Buy an $45 PT a day before its FQ3 report arrives, and is helping shares rally above $40. Though one might expect Synaptics to be affected by Apple's FQ3 guidance, given it's believed to be an iPhone 5 touch controller supplier, the company is also a supplier to Samsung (replete with a Galaxy S IV design win) and many other smartphone OEMs.