Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Synaptics Incorporated    SYNA

SYNAPTICS INCORPORATED

(SYNA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Synaptics Completes Acquisition of DisplayLink

share with twitter share with LinkedIn share with facebook
07/31/2020 | 08:01am EDT

SAN JOSE, Calif., July 31, 2020 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today announced that it has completed the acquisition of DisplayLink Corp., a leader in universal docking solutions and high-performance video compression technology. The combination with DisplayLink, in addition to the recently completed acquisition of rights to Broadcom’s wireless IoT connectivity portfolio, further accelerates Synaptics’ long-term IoT diversification strategy and extends its video interface market leadership.

“We are very excited to join forces with the DisplayLink team, the unquestioned leader in universal docking solutions,” said Michael Hurlston, president and CEO of Synaptics. “We expect to combine their innovative video compression technology with our existing video interface products as well as our new wireless solutions to build a roadmap second to none.”

About Synaptics:
Synaptics is the pioneer and leader of human interface solutions, bringing innovative and intuitive user experiences to intelligent devices. Synaptics’ broad portfolio of touch, display, biometrics, voice, audio, and multimedia products is built on the company’s rich R&D, extensive IP and dependable supply chain capabilities. With solutions designed for mobile, PC, smart home, and automotive industries, Synaptics combines ease of use, functionality and aesthetics to enable products that help make our digital lives more productive, secure and enjoyable. (Nasdaq: SYNA). Join Synaptics on Twitter, LinkedIn, and Facebook, or visit www.synaptics.com.

Synaptics, and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

For further information, please contact:

Investor Relations
Jason Tsai
Synaptics
jason.tsai@synaptics.com

Public Relations
David Hurd
Synaptics
david.hurd@synaptics.com

Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, including our expectations regarding the completed transaction between Synaptics and DisplayLink, and the potential benefits of the transaction, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as “expect,” “anticipate,” “intend,” “believe,” “estimate,” “plan,” “target,” “strategy,” “continue,” “may,” “will,” “should,” variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to: the ability to successfully integrate the acquired business into our portfolio; the failure to realize the anticipated benefits of the transaction; the risk that our business, results of operations and financial condition and prospects may be materially and adversely affected by the COVID-19 pandemic and that significant uncertainties remain related to the impact of COVID-19 on our business operations and future results, including our fourth quarter fiscal 2020 results; the risks as identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of our Annual Report on Form 10-K for the fiscal year ended June 29, 2019 (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein); and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements.

Primary Logo

© GlobeNewswire 2020

share with twitter share with LinkedIn share with facebook
All news about SYNAPTICS INCORPORATED
10/09SYNAPTICS INCORPORATED : INC Financial Statements and Exhibits (form 8-K/A)
AQ
10/08SYNAPTICS INCORPORATED : to Report First Quarter Fiscal 2021 Results on November..
AQ
10/08Synaptics to Report First Quarter Fiscal 2021 Results on November 5, 2020
GL
09/21SYNAPTICS INCORPORATED : Headquarters to be Powered by 100% Renewable Energy Thr..
AQ
09/21Synaptics Headquarters to be Powered by 100% Renewable Energy Through New Par..
GL
08/25SYNAPTICS INC : Change in Directors or Principal Officers (form 8-K)
AQ
08/21SYNAPTICS INCORPORATED : INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL C..
AQ
08/05SYNAPTICS : Fiscal 4Q Earnings Snapshot
AQ
08/05SYNAPTICS INC : Results of Operations and Financial Condition, Financial Stateme..
AQ
08/05Synaptics Reports Fourth Quarter and Fiscal Year 2020 Results
GL
More news
Financials (USD)
Sales 2021 1 270 M - -
Net income 2021 109 M - -
Net cash 2021 436 M - -
P/E ratio 2021 18,7x
Yield 2021 -
Capitalization 2 785 M 2 785 M -
EV / Sales 2021 1,85x
EV / Sales 2022 1,55x
Nbr of Employees 1 387
Free-Float 51,3%
Chart SYNAPTICS INCORPORATED
Duration : Period :
Synaptics Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SYNAPTICS INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 93,09 $
Last Close Price 81,27 $
Spread / Highest target 47,7%
Spread / Average Target 14,5%
Spread / Lowest Target -13,9%
EPS Revisions
Managers
NameTitle
Michael E. Hurlston President, Chief Executive Officer & Director
Nelson C. Chan Executive Chairman
Divyesh Shah Senior Vice President-Operations
Dean Butler Chief Financial Officer & Senior Vice President
Patrick Worfolk Chief Technology Officer & VP-Corporate Research
Sector and Competitors
1st jan.Capitalization (M$)
SYNAPTICS INCORPORATED23.57%2 785
DELL TECHNOLOGIES INC.32.67%50 911
HP INC.-6.96%26 261
GOERTEK INC.112.55%20 387
LOGITECH INTERNATIONAL S.A.72.33%14 747
SEAGATE TECHNOLOGY PLC-14.72%13 091