Synaptics Interrupted IoT Wave Will Resume

Shareholders Unite
Investing Group Leader

Summary

  • The company has made a terrific transformation now being an IoT company with a much higher TAM, higher growth and higher margins.
  • That transformation is far advanced, so gross margins are topping but the larger TAM and higher secular growth remain.
  • The company will shrink revenue in the coming quarters on a cyclical downturn, but management expects a recovery in H2/23.
  • So one could be too early in buying the shares, we advise accumulating on dips.
  • Looking for more investing ideas like this one? Get them exclusively at SHU Growth Portfolio. Learn More »

Big data connection technology concept.

jamesteohart

Synaptics (NASDAQ:SYNA) is well advanced in what can only be described as a very impressive transformation. Where it used to specialize in display drivers for PC and mobile handsets it now has a broad portfolio of leading tech solutions serving

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This article was written by

Shareholders Unite
20.16K Followers

Shareholders Unite is a retired academic with 30+ years of experience in the financial markets. He looks to find small companies with multi-bagger potential while mitigating risks through a portfolio approach.

He runs SHU Growth Portfolio where he offers wide coverage of several small companies with high growth possibilities. He has a buy and hold approach with tranche purchases of stocks of interest. The service features an illustrative portfolio to incorporate into your portfolio, buy alerts, weekend stock and market updates, and a chat room. Learn more

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SYNA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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