Synaptics Incorporated: Battling Inventory Issues But Efficiently

Wealth Analytics
1.13K Followers

Summary

  • Synaptics Incorporated has generated around 72% of its total revenues from the IoT market in 2023, with the IoT market expected to generate a 26.1% CAGR between 2023 and 2030.
  • The company has a strong portfolio of offerings, including ConnectSmart, DisplayLink, and VideoSmart, and is expanding into more smart solutions like fingerprint ID and efficient interaction solutions with devices.
  • Synaptics has a massive share buyback plan, with $977 million still available for use, there is a lot of potential value for investors to get here.

Business Logistics technology concept.

B4LLS

Investment Rundown

Facing some short-term headwinds like inventory difficulties for their largest revenue stream seems to be easing and more momentum will commence. For 2023 so far Synaptics Incorporated (NASDAQ:SYNA) has generated around 72% of the total revenues

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