The human interface chipmaker has a nicely diversified set of opportunities coupled with cutting-edge solutions across touch, display, voice, and video.
The wide-moat company will remain under scrutiny as it rolls out its mitigation solutions and the performance of 'cured systems' is intensely analyzed.
The undervalued firm continues to boast strong offerings in touch, display, and fingerprint sensors for smartphones.
The market may be assigning overoptimistic expectations to the Marvell-Cavium entity.
We view the deal favorably for both companies’ shareholders.
Though Qualcomm's board rejected Broadcom's unsolicited bid, we expect Broadcom's advances to persist.
Despite the aura of positivity surrounding the narrow-moat firm, we think recent growth will be challenging to replicate, and the shares are materially overvalued.
If the firm can execute rolling out its latest optical fingerprint sensors and OLED display driver chips during 2018, we think Synaptics will resume healthy growth beyond fiscal 2018.
We are modestly increasing our fair value estimate to $36 after better than expected third-quarter results.
Though management expects the positive environment to persist into next year, shares of the memory supplier are overpriced.