Synaptics (SYNA) Top Rating Reiterated at Feltl & Co on Potential Galaxy S6 Design Win
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Rating Summary:
14 Buy, 7 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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Feltl & Co analyst Jeffrey Schreiner reiterated a Strong Buy rating and $105 price target on Synaptics (NASDAQ: SYNA) saying they see competitor distractions offering inside track for SYNA to capture Samsung Galaxy S6 fingerprint design win.
Schreiner said a Galaxy S6 design win could equal ~$120-135m in CY15 revenues, or ~30-35% of estimated CY15 fingerprint revenues.
He added, "While Touch ICs have been a driver of growth during FY13/14, we believe opportunities may have peaked due to potential future market share loss, slowing smartphone growth and lower blended ASPs."
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $74.49 yesterday.
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