Synaptics (SYNA) : Actionable call alert from Oppenheimer
Tweet
Share
E-mailGet Alerts SYNA Hot Sheet
Price: $107.32 -1.41%
Rating Summary:
10 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 24 | New: 9
Rating Summary:
10 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 24 | New: 9
Join SI Premium – FREE
From Notable Calls
Oppenheimer is out on Synaptics (NASDAQ: SYNA) saying the stock has been taking a hit on concerns of market share loss at H-P (HPQ) to a competitor, Alps. Firm's channel checks indicate that there has not been any change in the procurement patterns for touchpad modules for notebooks (NB) at the Taiwanese ODMs who account for 90% of the NBs made for H-P. Also, both H-P and Acer (2353.TW, NT$57, Not Covered) mid-quarter raised their NB orders to the ODMs, which could provide upside to SYNA's guidance. Also, handset and MP3 sales appear to be robust in 4Q. With the stock having pulled back 20% they believe it provides a good opportunity to establish positions for another run in 2008. Raising 4Q07 estimates on NB strength. Reiterating Buy and $60 PT, 40% potential upside from here.
Notablecalls: SYNA has been crushed over the past 3 days. This call will generate a meaningful bounce. Actionable call alert!!
PS: My gut is telling me SYNA will trade over $45 today and possibly toward $46.
For more calls go to http://notablecalls.blogspot.com/
Oppenheimer is out on Synaptics (NASDAQ: SYNA) saying the stock has been taking a hit on concerns of market share loss at H-P (HPQ) to a competitor, Alps. Firm's channel checks indicate that there has not been any change in the procurement patterns for touchpad modules for notebooks (NB) at the Taiwanese ODMs who account for 90% of the NBs made for H-P. Also, both H-P and Acer (2353.TW, NT$57, Not Covered) mid-quarter raised their NB orders to the ODMs, which could provide upside to SYNA's guidance. Also, handset and MP3 sales appear to be robust in 4Q. With the stock having pulled back 20% they believe it provides a good opportunity to establish positions for another run in 2008. Raising 4Q07 estimates on NB strength. Reiterating Buy and $60 PT, 40% potential upside from here.
Notablecalls: SYNA has been crushed over the past 3 days. This call will generate a meaningful bounce. Actionable call alert!!
PS: My gut is telling me SYNA will trade over $45 today and possibly toward $46.
For more calls go to http://notablecalls.blogspot.com/
You May Also Be Interested In
- Sun Pharmaceutical Industries Ltd. (SUNP:IN) PT Raised to INR2,238 at Elara Securities India
- Sun Pharmaceutical Industries Ltd. (SUNP:IN) PT Raised to INR2,150 at Kotak
- Scorpio Tankers (STNG) PT Lowered to $93 at Evercore ISI
Create E-mail Alert Related Categories
Analyst Comments, ContributorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
