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Synaptics +5.4% on checks showing profitable market shift

Aug. 29, 2018 1:18 PM ETSynaptics Incorporated (SYNA) StockSYNABy: Brandy Betz, SA News Editor
  • 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.  

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