- Synaptics delivered fiscal second quarter results that included a small revenue beat, but a significant margin beat as the company's shift toward higher-margin businesses continues.
- Multiple touch controller wins for flexible OLEDs support Mobile, and the launch of TDDI for OLED could drive renewed growth.
- IoT is the main sizzle to the story, with Synaptics pursuing opportunities tied to far-field voice and video, high-speed video interface, and auto infotainment.
- Synaptics offers okay potential on a discounted cash flow model, but looks potentially 10% undervalued or more on near-term margin improvements.
For further details see:
Synaptics Executing Well On A Higher-Growth, Higher-Margin Model And Not Getting Full Credit