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researcher59

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Re: wadegarret post# 162007

Tuesday, 07/29/2014 9:12:59 AM

Tuesday, July 29, 2014 9:12:59 AM

Post# of 173778
Wade: SYNA acquisition incremental EPS of $2.70 according to Needham sounds overly optimistic.

Sterne says $1.50 - and that's not until fiscal 2016, so a long way into the future.

IBD, 6/19 - Sterne Agee on Thursday raised its price target on touchscreen chipmaker Synaptics (NASDAQ:SYNA), saying the company's acquisition of Renesas SP Drivers, an Apple (NASDAQ:AAPL) chip supplier, will boost fiscal 2016 earnings by $1.50 per share.

Synaptics agreed to buy Japan-based Renesas SP Drivers last week for $475 million. Renesas SP Drivers makes display driver chips for mobile devices. Synaptics aims to integrate its touch technology along with Renesas' display driver into one chip, analysts say.
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