- Craig-Hallum analyst Anthony Stoss says checks indicate that Synaptics (NASDAQ:SYNA) customers are changing up 2019 designs from chip-on-glass (COG) to LCD chip-on-flex (COF), which is a more expensive solution.
- The firm thinks COF will quickly take 50% to 60% share of the handset market.
- Firm maintains a Buy rating and $56 price target.
- Source: StreetAccount.
- Synaptics shares are up 5.4% to $48.43.
Synaptics +5.4% on checks showing profitable market shift
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Symbol | Last Price | % Chg |
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SYNA | - | - |
Synaptics Incorporated |