SYNA...Synaptics +13.5% after KeyBanc upgrade...KeyBanc upgrades Synaptics (NASDAQ:SYNA) from Sector Weight to Overweight with a $60 price target, 20% higher than the current share price.
The upgrade occurred after the firm met with Synaptics partners and competitors at #CES18. Analyst John Vinh calls the company’s smart home opportunity appreciable and says Synaptics is well-positioned in the in-display fingerprint sensing market due to the lack of competition. Vivo had a smartphone with Synaptics tech on display at CES and Vinh expects follow-on design wins though perhaps not the Samsung Note 9, which looks likely to use a Chinese OEM. Synaptics shares are up 13.5% to $49.83. Jan. 12, 2018 1:37 PM ET|About: Synaptics Incorporated (SYNA)|By: Brandy Betz, SA News Editor https://seekingalpha.com/news/3322687-synaptics-plus-13_5-percent-keybanc-upgrade
- "Keybanc analyst John Vinh upgraded Synaptics on Wednesday to overweight, the equivalent of a buy rating, and slapped a $60 price target on the stock. Vinh believes that Synaptics is more diversified than it's ever been, paving the way for growth over the next few years." - "One risk for Synaptics is that smartphone manufacturers will bypass fingerprint sensors altogether and opt for facial recognition instead. Apple's iPhone X does exactly that, making it the first iPhone in years to not feature a fingerprint sensor. Synaptics began mass producing its in-display sensors in December, promising that they'll be twice as fast as 3D facial recognition. If that claim holds up, this could become a standard feature in flagship phones beginning this year." https://www.fool.com/investing/2018/01/12/why-shares-of-synaptics-jumped-today.aspx
SYNA...Synaptics Clear ID In-Display Optical Fingerprint Sensor Honored with Numerous Tech Innovation Awards at CES 2018
SAN JOSE, Calif. , Jan. 16, 2018 (GLOBE NEWSWIRE) -- Synaptics Incorporated (SYNA), the leading developer of human interface solutions, today announced its Clear ID™ FS9500 optical in-display fingerprint sensor has been honored for technical innovation with Best of Show recognition at CES 2018 from several leading industry publications, including Android Authority, Android Central, Digital Trends, Tech Radar, TechnoBuffalo, Toms Guide, and CES.
Showcased at CES in a soon-to-be-released Vivo smartphone – the world’s first phone with an in-display fingerprint reader – Synaptics’ Clear ID optical sensors deliver a smooth and responsive one-touch biometrics directly in the lit touchscreen display area of smartphones enabling a better user experience. Designed for smartphones with edge-to-edge infinity displays or near bezel-less displays, the Synaptics’ sensors are fast, convenient and secure.
“We are honored to receive industry accolades at CES for our Clear ID optical fingerprint sensor technology with awards from several industry-leading publications, and great reviews from other prominent outlets including CNET, The Verge, Washington Post and many others, said Kevin Barber, vice president and general manager, Mobile Division, Synaptics. “As smartphones with infinity displays continue to evolve, Synaptics is charting the future for biometrics and smartphone industrial designs with our Clear ID technology.”
For more on how the Vivo smartphone with Synaptics’ fingerprint sensor is changing the game for smartphone biometrics, see:
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