Market Overview

UPDATE: Tigress Downgrades Synaptics On 'Reduced' Upside

Related SYNA
Top Performing Industries For September 11, 2014
NASDAQ Tumbles 0.5%; Infinity Pharmaceuticals Jumps On Deal With AbbVie
Making Money With Charles Payne: 08/29/14 (Fox Business)

In a report published Friday, Tigress Financial analyst Ivan Feinseth downgraded Synaptics (NASDAQ: SYNA) from Strong Buy to Buy following the recent share increase on the heels of the Renesas SP Drivers acquisition.

Feinseth emphasized that an upside for shares remain, but at "reduced" levels.

The analyst reported that Synaptics is a leader in display integration technology. Tigress added that the Renasas acquisition will aid in the company's product development and "allow the company to gain an important competitive supply advantage with an integrated touchscreen and display driver (DDI) driver platform."

The firm added that Synaptics' acquisition of Validity in November will continue to drive shareholder value with it biometrics. With the Natural ID fingerprint sensor already in the Galaxy S5 and enabled payment in PayPal's app, Feinseth sees a natural progression for the company to expand into the mobile payment space.

Shares of Synaptics closed at $88.38 on Thursday.

Latest Ratings for SYNA

DateFirmActionFromTo
Aug 2014NeedhamMaintainsStrong Buy
Jul 2014JP MorganMaintainsOverweight
Jun 2014JP MorganMaintainsOverweight

View More Analyst Ratings for SYNA
View the Latest Analyst Ratings

Posted-In: Ivan Feinseth Tigress FinancialAnalyst Color Downgrades Analyst Ratings

 

Related Articles (SYNA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters