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PR Newswire (Tue, 8:50AM)
PR Newswire (Apr 3, 2014)
PR Newswire (Feb 26, 2014)
PR Newswire (Feb 20, 2014)
PR Newswire (Feb 3, 2014)
PR Newswire (Jan 29, 2014)
PR Newswire (Jan 23, 2014)
at CNBC.com (Jan 9, 2014)
at CNBC.com (Oct 23, 2013)
at CNBC.com (Sep 20, 2013)
at CNBC.com (Jul 26, 2013)
at MarketWatch.com (Jun 26, 2013)
at CNBC.com (Jun 25, 2013)
at CNBC.com (Jan 24, 2013)
at MarketWatch.com (Jan 15, 2013)
SYNA vs. ETF Alternatives
Synaptics, Inc. is a developer and supplier of custom-designed human interface solutions that enable people to interact easily and intuitively with a variety of mobile computing, communications, entertainment, and other electronic devices.
Thursday, Apr 172:46 PM
Thursday, Apr 172:46 PM| 1 Comment
- Cypress (CY +1.2%) guided on its Q1 CC for Q2 revenue of $181M-$186M ($183.5M midpoint) and EPS of $0.11-$0.13 vs. a consensus of $182.8M and $0.12.
- Shares are posting moderate gains after initially trading lower following the chipmaker's Q1 results, which featured in-line EPS and a small revenue beat.
- A slightly soft gross margin (50.3%, -70 bps Q/Q and -40 bps Y/Y) pressured EPS. On the other hand, quarter-ending book-to-bill was a healthy 1.08.
- Touch controller rival Synaptics (SYNA +5.4%) is posting big gains on what's proving a good day for chip stocks (SOXX +2.2%).
Monday, Apr 142:53 PM
Monday, Apr 142:53 PM| 5 Comments
- U.S. first-day Galaxy S5 sales were up 30% relative to first-day S4 sales a year ago, Samsung (SSNLF) declares. The electronics giant also states sales in certain other markets doubled Y/Y.
- Pac Crest's checks also paint a favorable picture of U.S. S5 sales: The firm estimates average inventory sell-through hit 60% within four hours, and thinks sales were especially strong at Verizon thanks to a 2-for-1 promotion.
- Needham thinks S5 sales could reach 10M sales in 25 days vs. 27 for the S4. The firm is reiterating a Buy on touch controller/fingerprint sensor supplier Synaptics (SYNA +3.7%).
- Two caveats: 1) Samsung's numbers typically measure sell-in to carriers/distributors rather than consumer sell-through. 2) S4 sales also got off to a hot start, but later slowed down.
- Compared with the S4, Samsung has taken a no-frills approach with the S5, emphasizing practical features such as waterproofing/dust-resistance over sensor-based features (Smart Pause, Smart Scroll, etc.) often derided as gimmicks. The company has also provided modest discounts relative to the S4 (the S5 still typically goes for $600+ unsubsidized), as it contends with aggressive high-end pricing from Chinese Android rivals.
- Synaptics is outperforming, as is motion sensor supplier InvenSense (INVN +1.7%), which gets over 30% of its revenue from Samsung. S5 OLED materials supplier Universal Display (OLED +0.6%) is up slightly. Synaptics reports on April 24, and InvenSense on May 1.
Monday, Mar 316:52 PM
Monday, Mar 316:52 PM| 10 Comments
- An early teardown (translation) of Samsung's (SSNLF) Galaxy S5 has turned up the same 6-axis InvenSense (INVN) motion sensor found in the Note 3. The InvenSense part displaces the STMicroelectronics (STM) motion sensor found in the S4.
- Multiple Maxim (MXIM) power ICs were also uncovered. Though Barclays thinks Maxim lost the gesture IC slot it had in the S4 to rival AMS, it nonetheless thinks its dollar content grew ~10% (previous).
- An NXP (NXPI) NFC controller/secure element displaced the Broadcom (BRCM) NFC chip that went into the S4; Barclays estimates the design win will be worth $50M-$60M to NXP, assuming average content of $1. Broadcom is still expected to get $4/unit for supplying the S5's Wi-Fi/Bluetooth combo chip.
- Synaptics (SYNA) is believed to have the S5's touch controller slot and (though not revealed in the teardown) its fingerprint/swipe sensor slot. The company's S4 touch controller win delivered a windfall.
- Though a Skyworks (SWKS) power amplifier module and discrete amplifier were found, and a Wi-Fi filter is believed to be present, Barclays thinks Skyworks' content share likely fell, thanks to the absence of Wi-Fi switch/LNA content. It also thinks the total value of the S5's Wi-Fi RF content is lower due to Broadcom's use of internal power amplifiers (possibly a negative for S4 supplier ANAD).
- Separately, DisplayMate calls the S5's OLED display "the best-performing smartphone display we have ever tested," after doing an in-depth analysis. The display's color accuracy, brightness, ambient lighting performance, and power efficiency all receive high marks. OLED materials/tech supplier Universal Display (OLED) will be happy to hear that.
Monday, Feb 242:40 PM
Monday, Feb 242:40 PM| 33 Comments
- As expected, Samsung (SSNLF, SSNGY) has unveiled its next-gen flagship smartphone at a Mobile World Congress event (live blog). Whereas the Korean electronics giant trumpeted a variety of bells and whistles (some might say gimmicks) when launching the Galaxy S4 a year ago, it's taking a more low-key approach with the S5.
- The S5 has a 5.1" display, just slightly larger than the S4's 5" display. The resolution is unchanged at 1080p; past reports had pointed to a 2K resolution. Like Apple (AAPL) with the iPhone 5S, Samsung is integrating a fingerprint sensor into the S5's home button, and is offering a gold model.
- A 16MP camera supporting 4K video recording is included (the S4 has a 13MP camera), as is a perforated back meant to provide better grip. Qualcomm's (QCOM +0.2%) Snapdragon 801 baseband/app processor (2.5GHz., quad-core) powers the device. A heart rate monitor and slightly larger battery are also on board.
- Remarks from co-CEO JK Shin point to a shift in Samsung's product philosophy, one that arguably meshes with reports of a deal with Google to tone down Samsung's efforts to customize its hardware. "Our consumers do not want eye-popping technology or the most complex technology."
- Likely S5 suppliers with strong exposure: OLED, MXIM, SYNA, ANAD
Tuesday, Feb 42:07 PM
Tuesday, Feb 42:07 PM| 6 Comments
- Samsung (SSNLF) has sent out invites for a Feb. 24 event at the Mobile World Congress that's expected to feature the launch of the Galaxy S5. Separately, Korean and Indian sites indicate the S5, like the S4, will eventually be accompanied by a water/dust-resistant Active version, and a Zoom version featuring a camera with an optical zoom.
- The timing of the S5 event is three weeks ahead of when the S4 launched last year.
- The S5 is expected to have ~5.25" display with a whopping 2K (2560x1440) resolution, a 16MP camera, and a fingerprint sensor. It might also ship in both a costlier metal version and a cheaper plastic version.
- The launch of Samsung's next flagship will follow a downbeat Q4 report, and a reported deal with Google in which Samsung agreed to tone down its efforts to offer custom apps/UIs for its Android hardware.
- Samsung is facing stiffening competition from Chinese OEMs as Android sales continue seeing a mix shift towards cheaper hardware (often sold in emerging markets). Following an epic rise from 2011-2013, IDC estimates Samsung's smartphone share fell 30 bps Y/Y in Q4 to 28.8%.
- Companies likely to have strong S5 exposure (as a % of total revenue): OLED, ANAD, SYNA, RFMD, MXIM.
Friday, Jan 242:48 PM
Friday, Jan 242:48 PM| Comment!
- Synaptics' (SYNA +5.6%) FQ2 revenue beat and strong FQ3 guidance are overshadowing an FQ2 EPS miss, as investors bet the strong mobile performance delivered by the company in 2013 will continue in 2014.
- Feltl & Co.'s Jeffrey Schreiner has upgraded shares to Buy, and suspects Synaptics, already believed to be the touchscreen controller supplier for Samsung's Galaxy S5, has also won (via its Validity Sensors unit) a fingerprint sensor design for the S5. He notes Synaptics now expects the Validity acquisition to be accretive by the end of FY14 (ends June '14), sooner than previously expected, and that reports indicate the S5 will have a fingerprint sensor.
- Synaptics' mobile sales (65% of total revenue) rose 64% Y/Y in FQ2 after growing 152% in FQ1 following a string of major design wins. PC sales (35% of total) grew 17% a quarter after dropping 4%. Synaptics has been trying to grow PC sales in the face of weak industry demand by selling more advanced touchpad solutions such as the ClickPad (supports touch gestures) and ForcePad (detects finger pressure).
- CC transcript
Thursday, Jan 234:49 PM
Thursday, Jan 234:49 PM| Comment!
- Juniper (JNPR) expects Q1 revenue of $1.12B-$1.16B and EPS of $0.27-$0.30, in-line with a consensus of $1.14B and $0.29. Shares +0.3% AH. (Q4 results, PR)
- Synaptics (SYNA) expects FQ3 revenue of $180M-$200M vs. a $184M consensus. The guidance factors in revenue from the recent Validity Sensors acquisition. Shares -1.4% AH. (FQ2 results, PR)
- Altera (ALTR) expects Q1 revenue to be down 2%-6% Q/Q. That implies a range of $427M-$445M, below a $447.7M consensus. Shares +0.2% AH. (Q4 results, PR)
- Dolby (DLB) expects FQ2 revenue of $240M-$250M and EPS of $0.59-$0.66 vs. a consensus of $251M and $0.57. The company forecasts FY14 (ends Sep. '14) revenue of $910M-$940M, above a $909.5M consensus. Shares -0.2% AH. (FQ1 results, PR)
Thursday, Jan 234:12 PM|Thursday, Jan 234:12 PM| Comment!
Thursday, Jan 2312:10 AM
Wednesday, Jan 225:35 PM
Wednesday, Jan 222:53 PM
Wednesday, Jan 222:53 PM| Comment!
- Synaptics (SYNA -2.5%) is selling 1.96M shares on behalf of a slew of existing stockholders, including Qualcomm and Intel's VC arm. 6% of outstanding shares will be sold through the offering, which comes as shares trade close to their all-time high of $59.95. (S-3)
- Synaptics' FQ2 results are due tomorrow.
Tuesday, Jan 146:09 PM
Tuesday, Jan 146:09 PM| Comment!
- Stifel has hiked its Synaptics (SYNA +4.5%) PT to $67 from $57, and believes the company has won the touch controller slot for Samsung's Galaxy S5 (expected to launch in mid-March).
- Pac Crest reported likewise in November, while arguing Synaptics' Hover touch-free gesture gave it an edge over rivals Atmel and Cypress. Synaptics' controllers found their way into Samsung's Galaxy S4 and Note 3 last year, wins that contributed heavily to its tremendous mobile sales growth.
- After talking with management, Stifel also believes Synaptics can continue racking up mobile design wins going forward. FQ2 results arrive on Jan. 23.
Tuesday, Dec 102013, 6:26 PM
Tuesday, Dec 102013, 6:26 PM| 3 Comments
- Samsung (SSNLF, SSNGY) says it has sold 10M+ Galaxy Note 3 units (measured in terms of of channel sell-in, rather than end-user sales) since the 5.7" phablet went on sale on Sep. 25.
- The figure highlights the burgeoning size of the phablet market, whose growth has been fueled in part by strong Asian demand. It comes in a year that has seen sales of Samsung's flagship Galaxy S4 fall short of initial expectations, and a host of rival OEMs launch phablets of their own. Samsung tries to differentiate its Note line via its proprietary S Pen and related apps.
- Universal Display (OLED) and Synaptics (SYNA) are among the companies that benefit from strong Note 3 sales.
- Meanwhile, South Korea's ET News reports (translation) Samsung has lowered its 2014 smartphone shipment target to 330M units from a prior 360M. The new figure represents expected growth of just 14%, or less than the 20% growth forecast by IDC.
Friday, Nov 292013, 3:24 PM
Friday, Nov 292013, 3:24 PM| 8 Comments
- South Korea's ET News reports (translation) a "premium" version of Samsung's (SSNLF, SSNGY) Galaxy S5 will feature a 5" curved display and a metal case, while a standard model will have a flat display and plastic case. Initial production volumes for the S5 are reportedly set for January, but mass production won't start until February-March.
- Samsung recently launched the Galaxy Round, a phone with a curved 5.7" display, in limited volumes. The electronics giant argues curved displays are more durable, offer better viewing angles, and (for large phones) are easier to grip than flat ones.
- The S5 is also said to feature an ultra high-res display (previous), a 64-bit ARM CPU (Apple just put one into the iPhone 5S), a 16MP camera, 3GB of RAM, and (take this one with a grain of salt) a massive 4,000 mAh battery.
- S4 component suppliers that could benefit from an early S5 launch include Synaptics (SYNA), Universal Display (OLED - would also benefit from a higher-res screen), Anadigics (ANAD), and RF Micro (RFMD).
- S4 sales started off strong, but failed to meet lofty expectations due to a demand shift towards cheaper Android phones. The S5 will face competition from a slew of Chinese firms offering Android phones with high-end specs and mid-range pricing.
Monday, Nov 112013, 10:39 AM
Monday, Nov 112013, 10:39 AM| 1 Comment
- Pac Crest thinks Synaptics (SYNA +3.3%), already the touch controller supplier for Samsung's Galaxy S4, has won the touch controller slot for the Galaxy S5, which it expects will launch in early Q2.
- The firm asserts Synaptics' Hover tech, which enables touch-free gestures on the S4 and Samsungs' Galaxy Note hardware, allowed the company to beat out rivals Atmel (ATML -0.2%), Cypress (CY -1.8%), and South Korea's Melfas, who it thinks can't offer similar functionality. The S4 and Note design wins have contributed to the triple-digit mobile sales growth Synaptics has seen in recent quarters.
- Shares recently sold off due to soft Dec. quarter guidance; at the time, CEO Rick Bergman stated new mobile product launches due in early 2014 would give his company a lift.
Thursday, Oct 312013, 4:48 PM